10 Best Semiconductor Stocks to Buy According to Billionaires

6. Micron Technology Inc. (NASDAQ:MU)

Number of Billionaire Investors: 18

Billionaire Holdings: $1.0 Billion

Number of Hedge Fund Holders: 94

Micron Technology Inc. (NASDAQ:MU) designs, develops, manufactures, and markets memory and storage products, including dynamic random-access memory (DRAM), flash memory (NAND), solid-state drives (SSDs), and High Bandwidth Memory (HBM) globally. The company is well-positioned to capitalize on technological advancements in AI, 5G, autonomous vehicles, and data centers.

On March 20, the company reported strong revenue growth for Q2 2025, but its gross margin came in weaker, which weighed on its share price on March 21. Q2 revenue surged 38% YoY to $8.05 billion, which was ahead of consensus of $7.91 billion. Most importantly, HBM segment revenue surged over 50% sequentially, surpassing $1 billion in quarterly sales for the first time. Shipments exceeded expectations, reflecting strong execution and momentum in scaling production. Adjusted EPS grew to $1.56, which also came ahead of expectation of $1.43. However, its adjusted gross margins were 37.9%, which missed the consensus estimate of 38.4%.

Gross margin has taken some shine away from Q3 2025 guidance as well – the company guided for gross margin to decline sequentially to around 36.5% which was below street expectations. That said, rest of the guidance for Q3 2025 was strong – revenue in the quarter is expected to be around $8.8 billion and adjusted EPS at $1.57, both of which were ahead of consensus of $8.55 billion and $1.48, respectively. Micron Technology Inc. (NASDAQ:MU) continues to see strong demand for HBM and increased its HBM total addressable market (TAM) estimates for 2025 to over $35 billion. Overall, an impressive performance by the company, with the momentum expected to continue in the medium-term.