Top 20 Trending AI News And Analyst Ratings

11. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holders: 120 

Micron Technology (NASDAQ:MU) makes and sells memory and storage products. The company recently posted fourth-quarter results that topped analyst expectations and released guidance that surprised Wall Street, suggesting that the artificial intelligence boom was more than offsetting consumer weakness. Bank of America analyst Vivek Arya wrote in an investor note following the results that Micron’s supply discipline helped offset inventory-related headwinds and that high-bandwidth memory was a two-horse race between Micron and South Korea’s SK Hynix. Arya added that despite increasing macro (softer PC, phone demand) headwinds, Micron was able to deliver beat/raise results on the back of solid data center demand, including continued growth in its AI-levered high-bandwidth memory sales. The analyst further underlined that there were also positives for companies like Nvidia, Broadcom, Marvell, AMD, and the semiconductor equipment firms like KLA Corp, based on Micron’s data center strength.