10 Best AI Data Center Stocks

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9. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holders: 120   

Micron Technology (NASDAQ:MU) makes and sells memory and storage products. The company markets DRAM and NAND memory products, which are both essential in AI data center CPUs and GPUs. As hyperscalers commit billions towards developing data centers, the firm has witnessed a surge in orders. This has translated to a welcome boost for the earnings. In the fourth quarter of 2024,  the firm posted net income of $887 million on revenue of $7.75 billion. This represented a 93% jump from $4 billion in the same quarter a year ago. Non-GAAP earnings were $1.18 a share. Micron Technology said first quarter revenue will be about $8.7 billion, well ahead of Wall Street estimates of $8.21 billion.

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