17 Trending AI Stocks According to Latest News And Analyst Ratings

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9. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holders: 115 

Micron Technology (NASDAQ:MU) makes and sells memory and storage products. These products have been in high demand as technology giants build AI data centers and base memory products at the heart of their computations for AI software. Sanjay Mehrotra, the CEO of the firm, recently stated that the company expects to grow revenue from hundreds of millions to billions within a year. Mehrotra detailed that his firm expected the demand for memory products to exceed supply until 2025, helping drive the considerable improvements in profitability and ROI for the firm. He noted that these were needed to enable the investment required to support future growth.

This Micron Technology (NASDAQ:MU) thesis is supported by experts on Wall Street, like Bank of America analyst Vivek Arya who has a Buy rating on the stock with a price target of $170. Arya recently noted that the firm has opportunities in areas beside memory as well, including high-capacity DDR5 and data center SSDs as both AI and traditional server demands rise, while edge AI added another dimension of growth.

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