12 Best S&P 500 Stocks to Invest in According to Analysts

10. Micron Technology, Inc. (NASDAQ:MU)

Average Share Price Upside Potential as of January 31: 50.20%

Market Cap: $101.66 billion

Micron Technology, Inc. (NASDAQ:MU) is an American manufacturer of computer memory and computer data storage, including random-access memory, flash memory, and USB drives. Its products and services are used in servers, smartphones, tablets, and laptops. The company is considered a major player in the memory market and is recognized for its technological advancements.

In October, Micron’s SSDs were added to NVIDIA’s recommended vendor list for the GB200 NVL72 system and its derivatives. A month later the company introduced the world’s fastest SSD, the Micron 6550 ION, with efficiency ramped to 67%. Similarly, in January, the company announced plans to expand its memory and storage portfolio, which reflected its commitment to innovation and improved performance.

Micron Technology, Inc. (NASDAQ:MU) has also announced plans to spend $7 billion over the next few years to build a new HBM advanced chip-packaging facility in Singapore, as demand for advanced memory chips rises. Operations for the new facility are slated to begin in 2026.

Additionally, the company is also investing $825 million in a new assembly and test facility in India, that will enable test manufacturing for NAND and DRAM products and also help in addressing local and international demand. Strategic investments like these are critical to maintaining Micron Technology, Inc. (NASDAQ:MU)’s leading position in the market and meeting the surging demand from data centers, AI, and other rapidly growing sectors.

Micron Technology, Inc. (NASDAQ:MU) is one of the best large-cap stocks to invest in according to analysts, with a consensus Strong Buy rating and an average share price upside potential of over 50%.