30 Most Important AI Stocks According to BlackRock

10. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holders: 120  

Micron Technology (NASDAQ:MU) makes and sells memory and storage products. Despite significant investments in AI technology, the firm’s financial health remains robust, continuing to offer strong value compared to its competitors. Analysts predict the company’s third-quarter revenue will surge by over 90% year-over-year, with an expected earnings per share (EPS) increase of more than 200% for the same period. Projections suggest the firm will maintain a year-over-year revenue growth rate of over 40% for at least the next six quarters. Micron has already sold out high bandwidth memory capacity until 2025.

Micron Technology (NASDAQ:MU) has thus garnered positive attention from Wall Street due to its impressive performance. KeyBanc has given the stock an Overweight rating and a price target of $145. In a note to investors, the advisory expressed confidence in Micron’s ability to capture a larger share of the high-bandwidth memory market, potentially surpassing its share in traditional DRAM products. This is partly driven by concerns that Samsung may struggle to match Micron’s manufacturing yields in this area.