10 AI Headlines Making Waves Today

5. Micron Technology, Inc. (NASDAQ:MU)

Market Capitalization: $115.42 billion

Micron Technology, Inc. (NASDAQ:MU) is an innovative memory and storage solutions provider. Its products are used in data centers, AI PCs, and more.

On November 12, Citi analyst Christopher Danely noted that semiconductor stock estimates have dropped 11% during earnings season, and the SOX index fell by 9%, largely due to declines from stocks such as NXP and Microchip. However, the firm believes that the selloff is almost complete and industrial and auto market issues will also be resolved by the first half of 2025. As such, 75% of semiconductor stock appears to be solid, and investors should be ready to build positions again. Micron Technology, Inc. (NASDAQ:MU) is one such buy-rated stock that the analyst has recommended to buy, amongst other key semiconductor companies.