10 Must-Watch AI Stocks on Wall Street

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

Number of Hedge Fund Holders: 94

Micron Technology, Inc. (NASDAQ:MU) is one of the 10 Must-Watch AI Stocks on Wall Street. On September 17, Susquehanna analyst Mehdi Hosseini raised the price target $200 from $160 on Wednesday, maintaining a Positive rating. The rating comes ahead of the company’s upcoming earnings report on September 23.

The firm expects Micron Technology to beat expectations and raise guidance. Moreover, it anticipates commentary that will emphasize that both average selling price and gross margin will remain strong and continue extending into 2026.

Investors are worrying about the potential decline in High Bandwidth Memory prices in 2026, but the firm “strongly disagrees with” this view. Micron’s product mix shift toward higher-value offerings including HBM, GDDR7, LPDRAM, and eSSD were cited by the firm as key drivers.

The firm highlights a shift from 8-high stacks in 2025 to 12-high in 2026, with higher bandwidth anticipated to life HBM4 Average Selling Price by at least 50% over HBM3E.

The firm also pointed to disciplined capital spending across the industry and the company’s focus on profitability rather than market share as reasons behind its $5 in quarterly EPS forecast by the end of 2026.

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