16 Trending AI Stocks on Latest Analyst Ratings and News

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11. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holders: 120 

Micron Technology (NASDAQ:MU) makes and sells memory and storage products. Earlier this week, reports in the media indicated that the company was reportedly buying a pair of factories owned by Taiwanese company AUO in a deal that could be worth up to $620 million. The facilities would be used to expand the integrated circuit packaging and testing services for the company, along with increased production of high bandwidth memory. The move comes as AI capex rises in light of increasing demand for AI data centers. These AI data centers use the memory and storage products marketed by Micron.

Micron Technology (NASDAQ:MU) is being viewed with caution on Wall Street. Needham has a Buy rating on the shares with a price target of $140. In a recent investor note, the advisory noted that the bit shipment commentary offered by the firm in the latest earnings call was incrementally more cautious than guidance given on the previous earnings call, creating a risk to November-quarter consensus estimates.

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