Billionaire Prem Watsa’s 10 Stock Picks With Highest Potential

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

Number of Hedge Fund Holders: 94

Fairfax Financial Holdings’ Stake: $6.73 Million

Analysts’ Upside Potential as of April 21: 90.81%

Micron Technology, Inc. (NASDAQ:MU) is a technology company that provides memory and storage solutions for a wide range of applications, including computing, consumer electronics, enterprise storage, and automotive. It manufactures DRAM, NAND, and NOR memory chips. It is one of billionaire Prem Watsa’s top stock picks, and analysts insist it has 86% upside potential.

On March 27, analysts at Wells Fargo reiterated a Buy rating on the stock, citing strong demand for its storage solutions amid tighter market conditions. Sharing similar insights are analysts at JPMorgan who insist Micron Technology, Inc. (NASDAQ:MU) has minimal exposure to specific product stock-keeping units affected by regulatory actions in China. The analysts reiterate the significant unsatisfied demand for artificial intelligence in China.

The remarks come as forecasts indicate Micron Technology, Inc. (NASDAQ:MU) revenues are poised to increase by 41% in 2025. Likewise, Micron Technology has announced a strategic reorganization of its business to capitalize on AI-driven growth opportunities. The company is to transition to four new business units of Cloud Memory (CMBU), focusing on hyperscale cloud customers and high-bandwidth memory; Core Data Center (CDBU), serving OEM data center customers; Mobile and Client (MCBU), handling mobile and client segments; and Automotive and Embedded (AEBU), focusing on automotive, industrial, and consumer segments.

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. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. 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 this 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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