10 Hot AI Stocks to Buy Now

7. Micron Technology Inc. (NASDAQ:MU)

Magnitude of revision in street 2026 EPS estimates: +25%

Number of Hedge Fund Holders: 107

Micron Technology Inc. (NASDAQ:MU) is a top global semiconductor company focused on memory and storage chips. Its main revenue comes from DRAM, with additional contributions from NAND flash chips. The company provides chips for data centers, mobile devices, consumer electronics, industrial applications, and automotive use, leveraging a vertically integrated business model to serve a diverse global market.

Recently, Micron Technology Inc. (NASDAQ:MU) has faced varied effects due to changes in the AI and broader technology markets. The company has seen a rise in demand for its high-bandwidth memory (HBM) chips, essential for AI applications, resulting in an accelerating revenue growth outlook. However, the company still faces challenges, such as a decrease in demand for memory chips used in personal computers and smartphones, which contributes to a more cautious outlook. Despite these difficulties, MU’s strategic emphasis on AI-related technologies places it well for future growth. In the HBM segment, the company is progressing well with its 12-high stack product, which offers 20% less power than competitors’ 8-high stack at 50% more capacity. The company maintains a strong positioning in data center demand for DRAM, though eSSD is experiencing a digestion period. Looking ahead, Micron Technology Inc. (NASDAQ:MU) expects industry conditions to support improved margins, with HBM volumes projected to increase in the second half of 2025.