10 Best Undervalued Stocks to Buy According to Billionaires

6. Micron Technology Inc. (NASDAQ:MU)

Number of Billionaire Investors: 18; Holdings: $1.0 Billion

Number of Hedge Fund Holders: 94

Forward P/E: 14.1

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.

A Wolfe Research analyst lowered Micron Technology Inc. (NASDAQ:MU) price target from $175 to $150 but reaffirmed an Outperform rating. The analyst expects a recovery in the second half of 2025, driven by a better supply/demand balance and continued growth in high-bandwidth memory. However, recent management commentary about pricing pressure and an unfavourable product mix led him to reduced estimates. Despite the near-term challenges, the analyst still considers Micron one of its top semiconductor picks.