10 AI Stocks Surging on News Today

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

Number of Hedge Fund Holders: 94

Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide. On April 17, the company announced that it is reshuffling its business segments to focus on artificial intelligence. In particular, it will be concentrating on the AI-linked demand for its memory chips from large-scale cloud providers. The new segment will be called “cloud memory business unit,” and will focus on products used by hyperscalers and high-bandwidth memory (HBM) chips to aid data-intensive AI tasks.