Micron Technology, Inc. (NASDAQ:MU) is one of the Hot AI Stocks to Keep on Your Radar. On September 9, Stifel issued a new note on the America Semiconductors, Processors, and Components sector, noting how hyperscaler forecasts are picking up.
This is what the firm said with respect to Micron Technology:
“The market under-appreciates the significant change in composition of Micron’s datacenter revenue (majority of sales) and margins (at/approaching 50% GM), and we are more upbeat on memory pricing into yr-end.”
Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide./While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Source: sg.finance.yahoo
