10 Best AI Infrastructure Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 154

On the back of strong confidence from hedge funds and Wall Street, Micron Technology, Inc. (NASDAQ:MU) is one of the best AI infrastructure stocks, with upside potential of upto 80.2% (street-high).

Micron Technology, Inc. (NASDAQ:MU) continues to draw increasingly bullish analyst views ahead of its earnings report later this month, as demand across the memory market remains exceptionally strong.

On June 1, 2026, Raymond James raised its price target on Micron Technology, Inc. (NASDAQ:MU) to $1,100 from $530 and maintained an “Outperform” rating.

The firm said Micron Technology, Inc. (NASDAQ:MU)’s share price and valuation multiple have continued reaching new highs, yet investor sentiment remains supportive. According to Raymond James, industry capacity additions have been more disciplined than in past cycles, while demand conditions are unlike anything the memory industry has previously experienced. Recent channel checks in South Korea and Taiwan indicated supply remains sold out for multiple years, pricing remains strong, and customers are providing longer-term visibility into demand.

That view followed another bullish analyst update on May 29, 2026.

Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Micron Technology, Inc. (NASDAQ:MU) to $1,750 from $600 while maintaining a “Positive” rating.

The firm said its checks suggest second-quarter DRAM average selling prices are trending up 50% to 60% quarter-over-quarter, above expectations for a 50% increase. NAND average selling prices were reported to be tracking unchanged versus prior expectations of a 75% to 100% quarter-over-quarter increase. Susquehanna said it increased estimates for memory manufacturers under coverage, citing continued strength in blended average selling prices and growing confidence in the sustainability of margins.

The favorable analyst backdrop has coincided with a sharp rally in the stock. Micron Technology, Inc. (NASDAQ:MU) shares are up more than 260% in 2026, while 44 of the 47 analysts covering the company currently hold bullish ratings.

Micron Technology, Inc. (NASDAQ:MU) provides memory and storage solutions sold into client, cloud server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and consumer markets, among others.