SGX:F34.SI 1 February 2026

March 15, 2026, 9:51 PM EDT. Micron Technology and Palantir Technologies lead in AI stock growth with market caps of $452 billion and $367 billion respectively. Micron's recent surge owes to constrained memory chip supply driving prices up, but this boost may reverse by 2028 as new capacity stabilizes supply and compresses margins. Palantir, trading at a high forward price-to-earnings ratio of 118, remains expensive despite strong revenue growth. An underappreciated AI stock with a market cap near $320 billion could overtake both giants by 2027, given current valuations and cyclical pressures in the semiconductor and software markets.