10 AI Stocks Analysts Say You Shouldn’t Ignore

6. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 94

Micron Technology, Inc. (NASDAQ:MU) is one of the 10 AI Stocks Analysts Say You Shouldn’t Ignore. On August 25, Cantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating on the stock with a $155.00 price target.

Even though Samsung has successfully qualified for HBM products, the firm remains optimistic on Micron as it believes Samsung’s gains will likely come at the expense of Hynix rather than Micron.

It also believes that Samsung will face obstructions in overcoming major technological challenges. Meanwhile, HBM roadmap is bound to get more difficult as stacks get higher and customized logic base dies come into play in the HBM4E timeframe.  Micron’s own performance/watt advantage and stable supply will further allow it to sustain its competitive position.

“while a successful Samsung qualification will likely impact Micron’s market share position, we continue to believe that Samsung’s gains will largely come at the expense of Hynix. With regards to tailwinds, we see large hurdles in Samsung’s ability to overcome technological challenges including acceptable and thermal/power issues as well as poor yields derived from issues with dicing, sawing and laser ablation as well as delamination and cracking. Additionally, the HBM roadmap will only get more difficult as stacks get higher and customized logic base dies come into play in the HBM4E timeframe. This, coupled with Micron’s performance/watt advantage and stable supply should augur well for sustained demand for Micron’s HBM products.”

Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide.