10 Best AI Stocks to Buy for the Next 10 Years

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

Micron Technology, Inc. (NASDAQ:MU) is one of the best AI stocks to buy for the next 10 years. On March 19, UBS raised its price target on Micron Technology, Inc. (NASDAQ:MU) from $475 to $510 and kept its Buy rating on the stock.

The research firm pointed to the company’s strong quarterly results, with the company beating market expectations and raising its guidance. However, the stock dipped slightly in after-hours trading. UBS noted that Micron Technology, Inc. (NASDAQ:MU) has now guided gross margins above 80%, suggesting that upside from beats and raises may already be reflected in the stock.

UBS also pointed out that the company’s stock usually reaches its peak about nine months before peak margins. The research firm noted that Micron Technology, Inc. (NASDAQ:MU) has signed new strategic customer agreements, which could impact margins in the near term. UBS believes that the company is trading immediate revenue for longer-term visibility. Micron Technology, Inc.’s (NASDAQ:MU) first agreement lasts five years, which is longer than UBS expected.

According to UBS, customers would only enter such agreements if they see memory as critically important. The firm added that investors generally value stocks for durability and visibility, and these agreements show a lasting structural shift that could support stronger margins and return on equity.

Micron Technology, Inc. (NASDAQ:MU) is a leading semiconductor technology company that is known for its innovative memory and storage solutions. The company offers a portfolio of high-performance DRAM, NAND, and NOR memory and storage products.