In the days following Donald Trump's return to the White House, the stock market has set record highs. While Trump has promised to cut taxes and boost business, he's also expressed his desire to regulate certain big tech players,

Despite playing active and lucrative parts in the artificial intelligence (AI) boom, Advanced Micro Devices (NASDAQ: AMD) and Micron Technology (NASDAQ: MU) are trading more than 30% below their peak prices.

In total, DRAM delivered $17.6 billion in revenue in fiscal 2024, a 60% year-over-year increase, while total sales hit $25 billion on 62% year-over-year growth. The company converted 34% of sales, or $8.5 billion, into operating cash flow and earned $1.30 in diluted earnings per share (EPS).

Investors looking to buy a potential AI winner trading at a reasonable valuation should consider taking a closer look at this company.

Nvidia has been in magnificent form on the stock market in the past year, recording stunning gains of almost 207% as of this writing. This is thanks to the consistently strong growth in the company's top and bottom lines on account of the booming demand for its artificial intelligence (AI) chips.