In this article, we will look at the 12 Best Affordable Stocks To Buy Right Now.
Economic and Market Outlook 2025
There has been a growing debate regarding whether the economy of the United States will have a soft landing. A recent report by Vanguard titled “Beyond Landing” released on November 25 discusses the economic outlook for the year ahead. The report highlighted that global inflation has significantly decreased over the past two years, nearing the target of 2%. However, this decline has been inconsistent across different regions, with many developed markets experiencing slowdowns due to monetary policy adjustments. The United States stands out as an exception, showcasing robust economic growth and full employment despite restrictive monetary policies.
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The report raised critical questions about whether the US has achieved a “soft landing” or if high interest rates will eventually lead to a “hard landing.” The narrative has largely focused on the Federal Reserve’s ability to time rate cuts effectively to facilitate painless disinflation. Vanguard suggests that the strong growth and falling inflation in the US may be better explained by supply-side dynamics, such as increased labor productivity and a surge in available labor, rather than solely by Federal Reserve policies.
Regarding the 2025 outlook, the firm anticipates that US real GDP growth may decline from around 3% to closer to 2%, influenced by potential policy risks like trade tariffs and stricter immigration regulations. Core inflation is expected to remain above 2.5% for most of 2025. The firm also predicts that interest rates will stabilize at levels higher than those seen during the 2010s, fostering better returns in cash and fixed-income markets over the next decade. However, they express caution regarding equity markets due to elevated valuations. The report highlights a tension between momentum and valuation in risk assets, suggesting that while some stocks may continue to perform well, their high valuations could pose risks if economic conditions change unexpectedly.
With that let’s take a look at the 12 best affordable stocks to buy right now.
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Our Methodology
To compile the list of the 12 best affordable stocks to buy right now, we used the Finviz stock screener, Yahoo Finance, and Seeking Alpha. Using the screener we shortlisted stocks trading below a Forward P/E of 15, as of December 4, and that are expected to experience earnings growth this year. Next, we sorted our initial list by market capitalization and cross-checked the Forward P/E of each stock from Seeking Alpha and earnings growth from Yahoo Finance. Lastly, we ranked the stocks in ascending order of the number of hedge fund holders as per Insider Monkey’s database for Q3 2024.
Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
12 Best Affordable Stocks To Buy Right Now
12. Charter Communications, Inc. (NASDAQ:CHTR)
Forward P/E Ratio: 11.72
Earnings Growth This Year: 12.98%
Number of Hedge Fund Holders: 61
Charter Communications, Inc. (NASDAQ:CHTR) is a major telecommunications company in the United States that provides a variety of communication services, primarily under its Spectrum brand. These services include high-speed internet, television cable services, mobile services, and voice services for both commercial and residential usage.
While the company serves more than 37.1 million customers in 41 states around the United States, it has been facing difficulty in retaining cable TV customers. During the fiscal third quarter of 2024, the company lost around 9.5% of its video customers as compared to the year before. Two major factors have been affecting its customer base; the first being the general trend towards rising streaming services leading customers to let go of their wired cable providers. Secondly, the ending of FCC’s Affordable Connectivity Program (ACP) in the second quarter resulted in around 110,000 customers leaving the company.
Charter Communications, Inc. (NASDAQ:CHTR) has been working towards fighting this challenge. It announced to provide its TV Select Video customers with streaming subscriptions of up to $80 per month along with the launch of a “seamless entertainment” program, which will include Disney+, Peacock, Max, ESPN+, Paramount+, BET+, ViX, AMC+, Discovery+, and Tennis Channel Plus.
During the third quarter, Charter Communications, Inc. (NASDAQ:CHTR) increased its revenue by 1.6% year-over-year, driven by an addition of 545,000 total mobile lines. It is also working with the local and state governments to bring Spectrum Internet to underserved communities and activated around 114,000 subsidized rural passes during the quarter. It is one of the 12 best affordable stocks to buy right now.
Weitz Large Cap Equity Fund stated the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its Q3 2024 investor letter:
“We trimmed the Fund’s positions in Meta Platforms, S&P Global, and Charter Communications, Inc. (NASDAQ:CHTR) after significant runs in the stocks. Charter posted better-than-feared quarterly results, and the stock rebounded sharply from what we viewed as deeply oversold levels. A good start, but they still have much work to do. As always, our goal with trims is to re-calibrate position sizes to better reflect the Fund’s current opportunity set.”
11. Amgen Inc. (NASDAQ:AMGN)
Forward P/E Ratio: 14.45
Earnings Growth This Year: 4.98%
Number of Hedge Fund Holders: 68
Amgen Inc. (NASDAQ:AMGN) is one of the pioneer biotechnology companies that has more than a dozen drugs and treatments focused on treating cancer, inflammation, neurology, cardiology, and more. Some of its most sold products among others include Repatha, used primarily for patients with high cholesterol and cardiovascular disease, Evenity, which treats osteoporosis in postmenopausal women at high risk of fractures, and Prolia, which treats osteoporosis by decreasing bone breakdown.
The strategic edge of Amgen Inc. (NASDAQ:AMGN) lies in its portfolio of products, with at least 10 products posting double-digit growth during the third quarter of fiscal 2024. As a result, the company generated more than $8.5 billion in revenue, up 23% year-over-year. While revenue growth was impressive, what’s more interesting is its pipeline. The company has been advancing its product pipeline with MariTide in the phase 2 study for treating type 2 diabetes, UPLIZNA, generating positive results in phase 3, and Xaluritamig also entering phase 3 to treat metastatic castrate-resistant prostate cancer.
PGIM Jennison Health Sciences Fund stated the following regarding Amgen Inc. (NASDAQ:AMGN) in its Q2 2024 investor letter:
“Amgen Inc. (NASDAQ:AMGN) is a large cap global biotech company with a diverse portfolio of marketed and pipeline products. Amgen’s discovery pipeline had led the company to broaden its focus from oncology, immunology, and renal disease to include musculoskeletal, cardiovascular, and neurologic conditions. In addition, Amgen has turned its expertise in antibody manufacturing into a leading position in the development of biosimilars of competitor drugs. Most recently, Amgen shares advanced in 2Q following its announcement that its novel injectable GLP-1 agonist / GIPR antagonist, MariTide, for obesity showed promising interim Phase 2 data and has shown enough promise to warrant advancement into pivotal trials as soon as late 2024. While Eli Lilly and Novo Nordisk will remain the market leaders in the diabetes / obesity space, we think there is room for Amgen to carve out a meaningful share of the market with its antibody-peptide conjugate approach that could enable monthly or better dosing for MariTide.”
10. Wells Fargo & Company (NYSE:WFC)
Forward P/E Ratio: 14.1
Earnings Growth This Year: 2.91%
Number of Hedge Fund Holders: 72
Wells Fargo & Company (NYSE:WFC) is one of the best affordable stocks to buy right now. It offers a wide array of services, including banking, asset management, and insurance, through its various subsidiaries. In the third quarter of fiscal 2024, the company reported revenues of $20.4 billion and net income of $5.1 billion, serving approximately one-third of U.S. households and nearly 10% of small businesses.
Despite these figures, the company experienced a 2% decline in revenue and an 11% drop in net interest income compared to the same quarter in 2023. Nevertheless, Wells Fargo & Company (NYSE:WFC) remains optimistic about its future performance. It has strategically shifted its earnings profile by investing in key business segments while divesting from less profitable areas. This approach is expected to yield long-term benefits.
The company’s customer base exceeds 69 million across 22 countries and is supported by a robust network of over 5,600 branches and more than 11,000 ATMs. The bank’s extensive infrastructure gives it a competitive edge over its competitors.
9. Comcast Corporation (NASDAQ:CMCSA)
Forward P/E Ratio: 10.23
Earnings Growth This Year: 6.05%
Number of Hedge Fund Holders: 72
Comcast Corporation (NASDAQ:CMCSA) is one of the best affordable stocks to buy right now. It operates as one of the largest media and internet providers in the United States. The company owns renowned brands such as Telemundo, Universal Pictures, and NBC.
The consumer trend towards traditional media distribution channels is subsiding, thereby creating trouble for media companies like Comcast Corporation (NASDAQ:CMCSA). As a result of this trend and the ending of the Affordable Connectivity Program (ACP), the company lost 29,000 Connectivity & Platforms Customer Relationships and 87,000 Domestic Broadband Customers.
However, regardless of the decrease in customer relationships, the company did well in increasing its Broadband revenue by 2.7% year-over-year, driven by a 3.6% increase in average revenue per user. Moreover, to tackle the customer relationship issue, management has shifted its focus to its wireless segment and added 319,000 new domestic customer lines during the quarter. Its streaming service platform Peacock also proved to be successful as paid subscribers improved by 29%, propelled by the 2024 Summer Olympics. Looking ahead management aims to retain its competitive edge within the broadband segment, while further improving its wireless and subscription services.
8. QUALCOMM Incorporated (NASDAQ:QCOM)
Forward P/E Ratio: 14.16
Earnings Growth This Year: 9.52%
Number of Hedge Fund Holders: 74
QUALCOMM Incorporated (NASDAQ:QCOM) is a prominent technology company specializing in wireless communication technologies. It designs and manufactures integrated circuits and software for smartphones and smart devices, as well as advanced automotive technologies like automated driving systems. Its competitive edge originates from the numerous patents it holds in wireless technology.
The company’s smartphone chipset, the Snapdragon series is one of the most widely used in the industry. Its Snapdragon X75 modem is not only being used to power the new iPhone 16 models but is also the powerhouse of the generative AI-enabled Galaxy series. During the fiscal fourth quarter of 2024 alone, QUALCOMM Incorporated (NASDAQ:QCOM) generated $33.2 billion in QCT revenue, up 9% year-over-year. Within the QCT segment handset revenue contributed $6.1 billion mainly due to the quick adoption of the Snapdragon 8 Elite chipset.
Looking ahead, Samsung’s upcoming Galaxy S25 is expected to utilize the Snapdragon 8 Elite chipset, indicating continued growth for the company. Moreover, other manufacturers such as ASUS, Honor, OnePlus, and OPPO are also launching devices with this chipset. Management anticipates first-quarter fiscal 2025 revenue between $10.5 billion and $11.3 billion.
Madison Sustainable Equity Fund stated the following regarding QUALCOMM Incorporated (NASDAQ:QCOM) in its Q3 2024 investor letter:
“Alphabet Inc., Eli Lilly and Company, QUALCOMM Incorporated (NASDAQ:QCOM), Microsoft Corporation, and Apple Inc. were the largest detractors. Qualcomm has given back some of its first half gains after the CFO commented at a conference that its entrance into the AI PC business would take time to ramp. We continue to see Qualcomm as well positioned with growth from AI moving into the mobile phone, from new opportunities in the Internet of Things (IoT), and within the Auto industry but will also look to future growth as they enter the PC market.”
7. PDD Holdings Inc. (NASDAQ:PDD)
Forward P/E Ratio: 8.57
Earnings Growth This Year: 75.35%
Number of Hedge Fund Holders: 78
PDD Holdings Inc. (NASDAQ:PDD) is an international e-commerce group that owns renowned platforms including Pinduoduo and Temu. Founded in 2015 by Colin Huang, the company has quickly grown to challenge established players in the industry.
It has become one of the major e-commerce players in China, leveraging a team purchase model that reduces costs by partnering directly with manufacturers. Moreover, it also targets small and medium-scale merchants to ensure its listings are cheaper than its competitors. This strategy has attracted consumers seeking affordable products. While Temu is widely used in China and across Europe, according to Ernest Analytics, it has gained 17% of the online discount store market in the United States, as of November 2023.
As a result of these strategies, PDD Holdings Inc. (NASDAQ:PDD) has been posting significant revenue gains. During the fiscal third quarter of 2024, the company grew its top-line by 44%, year-over-year. Despite competitive pressures, the company is focused on building a sustainable ecosystem through merchant support and safety updates. It is one of the best affordable stocks to buy right now.
Baron Global Advantage Fund stated the following regarding PDD Holdings Inc. (NASDAQ:PDD) in its Q3 2024 investor letter:
“During the third quarter we re-initiated a small investment in PDD Holdings Inc. (NASDAQ:PDD). We believe the company is truly unique in the global e-commerce landscape, with an innovative business model, and very strong growth prospects. Founded in 2015 as Pinduoduo, the company has grown into China’s second-largest e-commerce player, capturing over 20% market share. PDD’s Consumer-to-Manufacturer (C2M) model, which connects manufacturers directly to consumers eliminated intermediaries, allowing for ultra-low prices that attract price-sensitive consumers and small merchants. Its discovery-based, algorithm-driven shopping experience has created a highly engaging platform, driving user and merchant growth in a virtuous cycle. We expect PDD to continue gaining share in China given its dominance in the value-for-money segment, growing branded product offerings at affordable prices, and high operational efficiency. PDD’s network effects and cost advantage, supported by its lean structure and efficient C2M model, are set to grow as it scales, both domestically and internationally. Its cross-border e-commerce platform, Temu, launched in September 2022, has rapidly become one of the world’s fastest-growing apps. Leveraging China’s excess capacity and PDD’s supply-chain efficiency, Temu wields strong pricing power over Chinese suppliers and attracts overseas consumers with competitively priced products. While still in early stage, Temu has achieved 2% of the global ex-China e-commerce market and a variable breakeven in the U.S. market, underscoring PDD’s focus on sustainable growth. Despite its rapid growth and profitability, PDD trades at a double-digit free cash flow yield (despite losses from the early-stage international expansion through Temu), significantly below sector peers. While concerns over geopolitical tensions exist, we believe PDD’s growing competitive edge, strong cash flow, and disciplined management position it to create substantial long-term value for shareholders.”
6. Pfizer Inc. (NYSE:PFE)
Forward P/E Ratio: 8.96
Earnings Growth This Year: 58.98%
Number of Hedge Fund Holders: 80
Pfizer Inc. (NYSE:PFE) is an international research-based biopharmaceutical company that operates through the discovery, development, manufacturing, and sale of pharmaceutical products segments. It focuses on oncology, primary care, and specialty care treatments and has a portfolio of more than 100 drugs, circulating internationally.
One might think that with COVID-19 vaccine demand subsiding, the glory days of this company are history. While it’s true that Pfizer Inc. (NYSE:PFE) grew its sales exponentially and generated $100 billion in 2022 on the back of COVID-19 vaccine sales, the company still has growth potential. Management sees opportunities in its oncology segment. The company acquired Seagen for $43 billion in 2023 and plans to develop eight potential cancer treatments by 2030.
Moreover, Pfizer Inc.’s (NYSE:PFE) recent third-quarter earnings release for fiscal 2024 also indicated robust performance, the company generated $17.7 Billion in revenue, up 32% year-over-year. Its oncology revenues were also impressive and improved by more than 31% during the same time.
In addition to its focus on becoming a market leader in oncology, management is also prioritizing cost saving and anticipates at least $4 billion in savings by the end of 2024 as part of its Cost Realignment Program. Considering its robust oncology pipeline and encouraging performance of its existing portfolio, Pfizer Inc.’s (NYSE:PFE) remains an attractive investment opportunity.
Parnassus Value Equity Fund stated the following regarding Pfizer Inc. (NYSE:PFE) in its first quarter 2024 investor letter:
“During the quarter, we added new positions in Pfizer Inc. (NYSE:PFE), NICE and Charter Communications. We purchased Pfizer to capture the potential upside from any turnaround following the COVID-induced boom-bust cycle of the last few years. Pfizer’s stock price sank by more than 40% in 2023 as COVID-19 vaccine revenues rolled off, providing an attractive entry point for us. The company completed its acquisition of Seagen, which should strengthen Pfizer’s pipeline in antibody-drug conjugates (ADC). Pfizer also offers an attractive dividend yield.”
5. Merck & Co., Inc. (NYSE:MRK)
Forward P/E Ratio: 13.12
Earnings Growth This Year: 412.99%
Number of Hedge Fund Holders: 86
Merck & Co., Inc. (NYSE:MRK) is an international pharmaceutical company that manufactures and sells prescription medicines, vaccines, and animal welfare products. It engages in researching and developing treatments for serious health issues including cancer, cardiovascular diseases, and other infections.
The company’s blockbuster cancer treatment KEYTRUDA accounts for more than 44% of its total sales. During the third quarter of fiscal 2024, total sales grew 4% year-over-year to $16.7 billion, out of which KEYTRUDA sales contributed $7.4 billion, after improving 17% during the same time. While robust sales for this drug indicate a dominant market position, management has been focused on diversifying its drug portfolio.
On March 26, Merck & Co., Inc. (NYSE:MRK) got FDA approval for WINREVAIR, which treats adults with pulmonary arterial hypertension. Additionally, another drug called CAPVAXIVE, got approved in June. Since its launch, WINREVAIR has delivered $149 million in net sales. Lastly, the company’s Animal Health sales are also progressing well and grew 6% year-over-year to reach $1.5 billion during the quarter.
Columbia Dividend Opportunity Fund stated the following regarding Merck & Co., Inc. (NYSE:MRK) in its Q3 2024 investor letter:
“On the downside, Merck & Co., Inc. (NYSE:MRK) was the largest detractor from relative performance. The company experienced some demand headwinds in China for Gardasil, its vaccine to prevent cancer from HPV, which weighed on its shares, given that the country represents Merck’s largest market for the drug. The fund’s holdings in the large-cap bank stocks Wells Fargo and Bank of America, which both performed well in the first half of the year, turned lower in the most recent quarter and dampened results.”
4. Citigroup Inc. (NYSE:C)
Forward P/E Ratio: 11.93
Earnings Growth This Year: 6.10%
Number of Hedge Fund Holders: 88
Citigroup Inc. (NYSE:C) is a major financial services company that provides a wide range of banking and investment services. It operates in key banking areas including services, markets, banking, and wealth.
The company has been making significant strides in modernizing its technology infrastructure and improving operational efficiency. As part of its ongoing transformation, the company retired over 1,250 outdated applications from 2022, simplifying its systems to enhance performance and compliance. They also launched a new capacity planning tool, which has reduced the onboarding times for new applications from weeks to just days. Moreover, as a result of these transformations, Citigroup Inc.’s (NYSE:C) loan servicing platform has grown significantly, with live deals now valued at approximately $25 billion, as of the third quarter of 2024.
The fiscal third quarter of 2024 was a record quarter for its services segment and driven by fees, loans, and deposits. Management also announced its integration with Mastercard Move, enabling secure near-instant payments across 14 markets. Overall the total revenue of the bank improved 1% year-over-year to $20.3 billion. It is one of the best affordable stocks to buy right now.
Diamond Hill Capital Long-Short Fund stated the following regarding Citigroup Inc. (NYSE:C) in its first quarter 2024 investor letter:
“Other top Q1 contributors included Meta Platforms, Citigroup Inc. (NYSE:C) and Walt Disney. Banking and financial services company Citigroup’s restructuring efforts are ongoing, and it continues remediating regulatory issues and building capital in anticipation of increased requirements. The company expects to see expenses fall meaningfully in the second half of 2024, bolstering the outlook from here.”
3. Bank of America Corporation (NYSE:BAC)
Forward P/E Ratio: 14.65
Earnings Growth This Year: 5.26%
Number of Hedge Fund Holders: 98
Bank of America Corporation (NYSE:BAC) is one of the best affordable stocks to buy right now. It is a major American multinational investment bank and financial services holding company, headquartered in Charlotte, North Carolina. It operates through several key segments that cater to a diverse range of customers, including consumers, small businesses, corporations, and institutional investors.
The bank presents a compelling investment opportunity, particularly due to its robust focus on technology and innovation. In the third quarter of 2024, the bank reported a net income of $6.9 billion, driven by solid revenue growth across various sectors, including asset management and investment banking fees. The bank has ramped up its investment in the technology sector, according to an October 23 press release, its commitment to innovation resulted in a 95% increase in artificial intelligence and machine learning granted patent applications since 2022. Moreover, as of October 23, Bank of America Corporation (NYSE:BAC) had around 1,100 AI and ML patents and pending applications in its portfolio.
In addition to funding technology investments, the bank has worked towards streamlining its operations digitally. Digital sales accounted for 54% of total consumer sales, underscoring the effectiveness of its technological initiatives in driving revenue. Looking ahead, Bank of America Corporation’s (NYSE:BAC) focus on integrating high-tech solutions to its banking solutions is expected to enhance client relationships across its wealth management and consumer banking segments.
Diamond Hill Large Cap Strategy stated the following regarding Bank of America Corporation (NYSE:BAC) in its Q2 2024 investor letter:
“Other top contributors in Q2 included Bank of America Corporation (NYSE:BAC) and Extra Space Storage. Shares of financial services company Bank of America rose in the quarter as it looks increasingly likely net interest income will inflect and begin growing again in 2024’s back half and into 2025.”
2. JPMorgan Chase & Co. (NYSE:JPM)
Forward P/E Ratio: 13.7
Earnings Growth This Year: 12.32%
Number of Hedge Fund Holders: 105
JPMorgan Chase & Co. (NYSE:JPM) is one of the largest multinational financial services companies that serves more than 100 countries. The company provides banking solutions, capital-raising services to companies, institutions, and the government, and risk management services. According to Jamie Dimon, Chairman and CEO, the bank retained its title as the number 1 bank in U.S. retail deposits for the fourth consecutive year.
Over the past several years banks have been grappling with the high interest rates in the United States. JPMorgan Chase & Co. (NYSE:JPM) has navigated this tough macro environment impressively and continued to post staller earnings. During the fiscal third quarter of 2024, the bank posted better-than-expected results with revenue growing 6% year-over-year to $43.32 billion, driven by a 3% growth in net interest income.
Its Commercial and Investment banking segment was a prominent contender with year-over-year net-income growth of 13%. The segment gained from a 31% rise in investment banking fees, which were bolstered by higher charges across all product lines. Jamie Dimon has indicated JPMorgan Chase & Co. (NYSE:JPM) will invest heavily in technology and artificial intelligence (AI), which he thinks will enable the bank to better serve its clients and capitalize on market opportunities.
Carillon Eagle Growth & Income Fund stated the following regarding JPMorgan Chase & Co. (NYSE:JPM) in its first quarter 2024 investor letter:
“JPMorgan Chase & Co. (NYSE:JPM) contributed positively to performance following solid financial results and positive guidance for the remainder of 2024. Moreover, growing chatter around rising capital markets activity likely contributed to the stock’s strong performance relative to other banks. Recall that JPMorgan has a robust capital markets franchise.”
1. Micron Technology, Inc. (NASDAQ:MU)
Forward P/E Ratio: 10.97
Earnings Growth This Year: 586.63%
Number of Hedge Fund Holders: 107
Micron Technology, Inc. (NASDAQ:MU) specializes in storage solutions for various technology applications and has a robust portfolio of Dynamic Random-Access Memory (DRAM), NAND Flash Memory, and NOR Flash Memory, . It is one of the best affordable stocks to buy right now.
Despite a huge market capitalization of $111.23 billion, it might not be the biggest player in the storage solution industry, however the company exercises its competitive edge by manufacturing chips that are denser than its competitors. Considering the high demand for its products within the AI and Data Center industry, management has shifted its focus on enhancing its product portfolio. For instance, on November 12, Micron Technology, Inc. (NASDAQ:MU) released one of its fastest and most efficient 60TB SSDs. The drive is designed to endure heavy workloads, making it compatible with Data Center and AI applications.
The most recent quarter, Q4 of fiscal 2024, was driven by a robust demand for its DRAM in the AI market. The company generated $7.75 billion in revenue, up 93% year-over-year. Moving forward, management anticipates continued demand from data centers and the artificial intelligence industry.
Alger Mid Cap Focus Fund stated the following regarding Micron Technology, Inc. (NASDAQ:MU) in its Q3 2024 investor letter:
“Micron Technology, Inc. (NASDAQ:MU) is a leading provider of innovative memory and storage solutions supporting key trends like AI, 5G, machine learning, and autonomous vehicles. Micron’s portfolio includes high-bandwidth memory (HBM), which is critical for efficient AI workloads, along with storage solutions like DRAM, NAND, and NOR. These are sold in various forms such as wafers, components, modules, SSDs (solid-state drives), and MCPs (multi-chip packages). We believe the company is well-positioned to potentially benefit from secular trends in AI, data centers, cloud computing, and 5G markets. In July, shares detracted from performance after management lowered expectations due to the slower-than-expected pace of clearing excess inventory. Weak demand in markets like PCs and smartphones led to lower shipment forecasts for the next fiscal quarter. However, towards the end of the quarter, Micron reported better-than-expected fiscal fourth-quarter results, driven by strong data center demand and continued growth in AI-leveraged HBM sales. Although the share price rose after the announcement, shares were still down overall for the quarter.”
While we acknowledge the potential of Micron Technology, Inc. (NASDAQ:MU) to grow, 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.
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