19 Trending AI Stocks on Latest Analyst Ratings and News

11. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holders: 120 

Micron Technology (NASDAQ:MU) makes and sells memory and storage products. Earlier this month, an electronics company in Taiwan, a hub of global chipmaking, confirmed that it had agreed to sell two factories it owned in the country to Micron in a deal worth $254 million. Previous estimates had put the value of this deal around $620 million. The deal, expected to close before the end of this year, will enable Micron to take over factories in Taichung and Tainan regions of Taiwan. 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.

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.