9 AI News and Ratings to Keep on Your Radar

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1. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 94

Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide.

On March 16, TipRanks reported that Baird analyst Tristan Gerra reaffirmed a Buy rating on Micron with a $130 price target. The analyst’s outlook is based on Micron’s potential growth in AI-related memory products like HBM and LPDDR5, which could boost revenue and margins. A rise in AI-driven demand from China may help ease DRAM pricing pressures, while improvements in NAND flash pricing and smartphone DRAM inventory levels are expected later in the year. Although the forecast remains positive, risks such as pricing fluctuations and broader economic conditions are considered.

While we acknowledge the potential of Micron Technology, Inc. (NASDAQ:MU) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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