Top 5 Data Center Stocks to Buy Now

2.  (NASDAQ:MU)

No of HFs: 79

Total Value of HF Holdings: $4.5 Billion

Micron Technology Inc is an American manufacturer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. During the third quarter of 2020, the company reported a revenue of $5.44 billion versus $4.80 billion for the prior quarter.

Bonsai Partners highlighted a few stocks and MU was one of them. Check out this article, where they mentioned that MU’s share price is quite attractive

If there’s one investment mistake I’ve made multiple times in my career it’s accepting lower quality businesses available at attractive prices. I hope I’m not repeating this mistake again with Micron.

Acquiring a low-quality business at a great price usually does not lead to great investment returns, but neither does a great business at a low-quality price. You have to have both to earn superior returns.

I view Micron’s share price is quite attractive, but I also believe the business is transitioning from being mediocre to rather good. If that happens, attractive returns should follow.

Historically, Micron has not been kind to shareholders, and its shares are currently priced to reflect this. However, I believe that the nature of the DRAM industry has structurally changed for the better.

From a high-level, what makes Micron attractive is how essential it is to human progress. Without getting too professorial, humanity has had multiple waves of productivity gains over the past 12,000 years.

The first big improvement in productivity came from the agricultural revolution, which allowed humans to shift from hunting and gathering into high productivity farming and the division of labor.