10 AI Stocks on Wall Street’s Radar: Datadog, Microsoft, and More

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6. Micron Technology Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 154

Micron Technology Inc. (NASDAQ:MU) is one of the AI stocks on Wall Street’s radar. On July 4, Bloomberg reported that Micron has broken ground on the expansion of a factory in Western Japan. The $9.3 billion investment is part of the company’s push to expand capacity for advanced memory chip production.

Japan’s Ministry of Economy, Trade, and Industry has already allocated up to ¥500 billion to cover construction costs. The expansion will help Micron increase power and transmission efficiency in chips for AI services and self-driving cars. The funds will also support research and development.

The company plans to build a facility in Hiroshima to capitalize on the growing demand for high-bandwidth memory, which is crucial to artificial intelligence processors. Shipments from the facility are expected to start in the summer of 2028. Micron is also building two leading-edge fabs in Boise, Idaho, to increase DRAM production in the US.

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 to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MU and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the5 AI Stocks on Wall Street’s Radar: Datadog, Microsoft, and More.

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