15 Best and Cheap Stocks to Buy According to Billionaires

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

Forward P/E Ratio: 14.43

No. of Billionaire Investors: 18

Micron Technology, Inc. (NASDAQ:MU) is a memory and storage solutions company that designs, develops, and manufactures DRAM, NAND, and NOR memory technologies. Micron has announced it be the world’s first and only memory company shipping both HBM3E and SOCAMM products for AI servers in the data center. Micron’s SOCAMM is a modular memory solution developed in partnership with NVIDIA to support the NVIDIA GB300 Grace Blackwell Ultra Superchip. This adds to the company’s industry-leading technology, offering low-power DDR (LPDDR) for data center applications.

On March 17, UBS analyst Timothy Arcuri raised the price target on MU shares from $125 to $130, pointing to an “improved pricing outlook” for Micron’s DRAM and NAND memory chips. For the full year 2025, Arcuri upgraded its revenue projection to $35.48 billion, up from $34.52 billion previously.

Parnassus Value Equity Fund stated the following regarding Micron Technology, Inc. (NASDAQ:MU) in its Q2 2024 investor letter:

“Micron Technology, Inc. (NASDAQ:MU) posted fiscal third-quarter results that met expectations. Micron’s DRAM (dynamic random access memory) and NAND (non-volatile storage technology) segments grew revenue strongly, continuing the company’s recovery from a cyclical downturn last year. We believe Micron is well positioned to capitalize on AI-driven demand for greater memory.”