12 AI News and Ratings Investors Probably Missed

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1. 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, automotive, and other industries.

On March 6, Micron Technology announced that the company added Mark Liu and Christie Simons to its board of directors. Liu, who spent over 30 years at Taiwan Semiconductor, held important leadership roles, including co-CEO and executive chairman, helping the company become the largest semiconductor foundry. He is now chairman of J&M Copper Beech Ventures and has prior experience at Intel and AT&T Bell Labs. Simons is a Deloitte & Touche senior partner and is set to retire in May after nearly 30 years, having led Deloitte’s Global Semiconductor Center of Excellence and worked extensively in technology and finance. Micron CEO Sanjay Mehrotra emphasized Liu’s technical and business expertise in scaling semiconductor operations, especially in AI-driven markets, and Simons’ financial and industry knowledge as assets for the company’s strategic growth.

While we acknowledge the potential of Micron Technology, Inc. (NASDAQ:MU) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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