We recently compiled a list of the 13 Best Aggressive Growth Stocks to Buy Now. In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against the other aggressive growth stocks.
US stocks delivered a positive performance on Wednesday, April 23, after President Trump pointed out that he does not intend to fire Federal Reserve Chair Jerome Powell. This statement helped ease Wall Street’s fears about the independence of the central bank. Additionally, Trump softened his tone on tariffs and hinted that the high duties on Chinese imports could be scaled back in the future.
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The Nasdaq led the gains as it increased by 2.5%. The S&P 500 rose nearly 1.7%, and the Dow Jones Industrial Average increased about 1.1%, or 400 points. Earlier in the day, the Nasdaq was up over 4% at one point and the Dow had added about 1,100 points. However, these gains faded after Treasury Secretary Scott Bessent told reporters there has been “no unilateral offer from the president to deescalate” the trade war with China.
Despite this pullback, Wall Street remained optimistic because of President Trump’s softer tone on both the Fed and tariffs. On Tuesday, Trump said he expects China tariffs to come down significantly after Bessent had called the current tariffs “unsustainable.”
Trump also told reporters from the Oval Office that he never intended to remove Powell but repeated his desire for the Fed chair to lower interest rates. These comments brought relief to investors who had feared that a possible conflict between President Trump and Powell could add further uncertainty in a market that is already affected by tariffs.
Methodology
To compile our list of the 13 best aggressive growth stocks to buy now, we looked for stocks with a year-over-year revenue growth rate exceeding 35%. To ensure the reliability of our findings, we consulted SeekingAlpha for the year-over-year revenue growth rate for each company. Next, we focused on the top 13 aggressive growth stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q4 2024 database of more than 1,000 elite hedge funds. Finally, the 13 best aggressive growth stocks to buy now were ranked in ascending order based on the number of hedge funds holding stakes in them as of Q4 2024.
Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A close-up view of a computer motherboard with integrated semiconductor chips.
Micron Technology, Inc. (NASDAQ:MU)
Year-Over-Year Revenue Growth: 71.05%
Number of Hedge Fund Holders: 94
Micron Technology, Inc. (NASDAQ:MU) is an American company that is known for its innovative memory and storage solutions. The company offers a broad portfolio of high-performance DRAM, NAND, and NOR memory and storage products through its Micron and Crucial brands to serve a wide variety of clients in various industries like AI, data center, mobile, industrial, consumer, automotive, and networking. Micron Technology, Inc. (NASDAQ:MU) ranks among the best aggressive growth stocks to buy now.
The growth of AI is driving the demand for advanced memory and storage solutions. Micron Technology, Inc. (NASDAQ:MU) is looking to position itself strategically to address this demand. In Singapore, the company is building a new High-Bandwidth Memory (HBM) advanced packaging facility, which will be the first of its kind in the country. Micron Technology, Inc. (NASDAQ:MU) aims to invest about $7 billion in this project through the end of the decade to support the growing demand for AI-driven technologies. The facility is expected to start operations in 2026, with capacity expansion planned for 2027.
Overall, MU ranks 5th on our list of the best aggressive growth stocks to buy now. While we acknowledge the potential of MU as an investment, our conviction lies in the belief that some 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.
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Disclosure: None. This article is originally published at Insider Monkey.
