35 Trending AI Stocks on Latest Analyst Ratings and News

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9. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holders: 120   

Micron Technology (NASDAQ:MU) makes and sells memory and storage products. Stifel analyst Brian Chin recently maintained a Buy rating on the stock, stressing that the advisory’s thinking post-Micron earnings last month had not changed despite Samsung Electronics providing a preliminary Q3 earnings update and guiding to revenue and operating profit that was below analyst consensus. The analyst views Samsung’s weakness as more self-inflicted and/or known near-term market headwinds into year-end, where Samsung tends to have higher relative exposure, while adding that it sees leaders remaining focused on advanced technology spending while controlling supply through a near-term lull in the cycle. The investment firm sees the results reinforcing the need for Samsung and Micron to prioritize advanced technology node migrations/ spending, thus putting a competitive gap between themselves and China.

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