10 Best Affordable AI Stocks to Buy

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

Forward P/E: 8.94

Analyst Upside: 34.08%

Number of Hedge Fund Holders: 96

Micron Technology, Inc. (NASDAQ:MU) is one of the best affordable AI stocks to buy. On July 22, Micron Technology, Inc. (NASDAQ:MU) announced the launch of the industry’s highest-density radiation-tolerant single-level cell (SLC) NAND product.

Micron’s latest SLC NAND product is the first in a portfolio that will have space-qualified NAND, NOR, and DRAM solutions, available with a die capacity of 256 GB. The product is the first in its class to be available from any leading memory manufacturer.

“Micron’s radiation-tolerant memory is essential for storing and processing data as we push the boundaries of computing in space. As AI expands in space operations — from autonomous navigation to real-time analysis — Micron is increasing our focus on delivering solutions that enable the resilience and intelligence needed for next-gen aerospace missions,” said Kris Baxter, corporate vice president and general manager of Micron’s Automotive and Embedded Business Unit.

The space economy is soaring, driven by robust growth in commercial and government missions. With evolving computing and AI, demand for high-performance technology is rising, with the ability to process data directly in orbit. Micron’s radiation-tolerant SLC NAND flash is engineered to withstand the severe space environment and assist space applications.

Micron Technology, Inc. (NASDAQ:MU) is a leading AI-infrastructure company that provides memory and storage solutions for AI applications. The company has a portfolio of high-performance DRAM, NAND, and NOR memory and storage products.