20 Best Data Center Stocks to Buy According to Billionaires

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3. Micron Technology Inc. (NASDAQ:MU)

Number of Billionaire Investors: 18

Billionaire Holdings: $997 million

Number of Hedge Fund Holders: 94

Micron Technology Inc. (NASDAQ:MU) designs, develops, manufactures, and markets memory and storage products, including dynamic random-access memory (DRAM), flash memory (NAND), solid-state drives (SSDs), and High Bandwidth Memory (HBM) globally. The company is well-positioned to capitalize on technological advancements in AI, 5G, autonomous vehicles, and data centers.

Wells Fargo analyst Aaron Rakers reaffirmed a Buy rating on Micron Technology on March 12, citing a strong growth outlook. The company is poised to benefit from continued high-bandwidth memory (HBM) and data center demand, expected to drive momentum in mid-to-late 2025. While Q3 gross margins may decline due to a higher consumer mix and weak NAND conditions, stabilizing consumer markets and rising bit shipments should support revenue growth. Micron’s increasing HBM market share and upcoming HBM4 advancements further strengthen its long-term potential, creating an attractive risk/reward profile.

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