5 Best Data Center Stocks to Buy for the Long Term

4. Micron Technology Inc. (NASDAQ:MU)

Market Cap:$515.63 billion

Number of Hedge Fund Holders: 137

Micron Technology Inc. (NASDAQ:MU) is one of the best data center stocks to buy for the long term. The company’s stock price zoomed 564.58% compared to a year ago, and 44.96% year-to-date, as investors expressed confidence in the company’s production volume capacity. MU stock has a Strong Buy consensus rating based on 27 Buys and two Holds.

In March, the company reported a high production volume of its HBM4 product, which is designed for NVIDIA’s Vera Rubin. It added that volume shipment of its HBM4 36GB 12H has already begun in the first quarter of calendar year 2026.

Micron Technology executive vice president and chief business officer, Summit Sadana, said:

“The next era of AI will be defined by tightly integrated platforms developed through joint engineering innovations across the ecosystem. Our close collaboration with NVIDIA ensures that compute and memory are designed to scale together from day one. At the heart of this is Micron’s HBM4, the engine of AI, delivering unprecedented bandwidth, capacity and power efficiency. With HBM4 36GB 12H, alongside the industry’s first SOCAMM2 and Gen6 SSD now in high-volume production, Micron’s memory and storage form a core foundation that unlocks the full potential of next-generation AI.”

Micron Technology Inc. (NASDAQ: MU) designs, develops, manufactures, and markets memory and storage products, including dynamic random-access memory (DRAM), flash memory (NAND), solid-state drives (SSDs), and High Bandwidth Memory (HBM) globally.