10 Hot AI Stocks to Keep on Your Radar

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

Number of Hedge Fund Holders: 96

Micron Technology, Inc. (NASDAQ:MU) is one of the 10 Hot AI Stocks to Keep on Your Radar. On September 9, Stifel issued a new note on the America Semiconductors, Processors, and Components sector, noting how hyperscaler forecasts are picking up.

This is what the firm said with respect to Micron Technology:

“The market under-appreciates the significant change in composition of Micron’s datacenter revenue (majority of sales) and margins (at/approaching 50% GM), and we are more upbeat on memory pricing into yr-end.”

Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide.