35 Most Important AI Stocks for 2025 According to JPMorgan

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10. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holders: 107   

Micron Technology (NASDAQ:MU) makes and sells memory and storage products. In early 2024, Micron began mass production of HBM chips for NVIDIA’s AI graphics processing units, enhancing its position in the AI ecosystem. In September 2024, Micron reported a significant year-over-year revenue increase, driven by robust AI demand. The company projected record revenue for the following quarter, further boosting investor confidence. However, in late 2024, Micron issued a weaker-than-expected forecast for the fiscal second quarter, citing challenges in the NAND industry and reduced demand in PC and smartphone markets. Despite these hurdles, the company’s HBM business continued to grow, doubling its revenue sequentially due to AI-driven demand.

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