Blackrock’s 30 Most Important AI Stocks

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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. There are compelling reasons that make this company a promising investment opportunity. Firstly, as per the report of the fourth quarter of 2024, Micron delivered 93% year-over-year revenue growth in fiscal Q4, as robust AI demand drove a strong ramp of data center DRAM products and high bandwidth memory. Secondly, the company’s high-bandwidth memory portfolio stands at the forefront of technological innovation, offering cutting-edge solutions tailored to the demands of AI. With products like HBM3E, the company aims to deliver exceptional performance, speed and memory bandwidth that may attract investors. The company is also integrating AI-driven algorithms in its memory management systems to ensure the efficient performance of memory under high workloads.

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