10 Best Affordable Stocks to Invest In for the Long Term

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

Forward P/E: 8.80

On March 2, UBS raised the firm’s price target on Micron Technology, Inc. (NASDAQ:MU) to $475 from $450 and maintained a Buy rating on the shares. The firm’s industry channel checks indicate strengthening pricing dynamics across both DRAM and NAND markets, with supply shortages potentially extending through 2026 and, in the case of DRAM, even into 2028. UBS noted that Micron appears to be leveraging the current supply tightness to negotiate longer-term customer agreements, potentially moderating near-term pricing upside in exchange for enhanced revenue visibility and earnings durability over the coming years.

On March 1, Micron Technology, Inc. (NASDAQ:MU) announced the grand opening of its semiconductor assembly and test facility in Sanand, Gujarat, India. The facility processes advanced DRAM and NAND wafers from Micron’s global manufacturing network into finished memory and storage products. Upon full ramp of its initial phase, the Sanand site will encompass more than 500,000 square feet of cleanroom space, expanding the company’s backend manufacturing footprint and strengthening supply chain diversification.

Micron Technology, Inc. (NASDAQ:MU) was founded in 1978 and is headquartered in Boise, Idaho. The company is a leading U.S.-based manufacturer of high-performance semiconductor memory and storage solutions, including DRAM, NAND flash, and NOR memory. Micron’s products enable artificial intelligence, advanced computing, and data-intensive applications across data center, mobile, automotive, and industrial end markets, marketed under brands such as Micron and Crucial.