5 Best Fast Growth Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holdings: 154

EPS Growth Next 5 Years: 148.21%

Micron Technology, Inc. (NASDAQ:MU) is one of the best fast growth stocks to buy according to hedge funds. On June 22, Micron Technology, Inc. (NASDAQ:MU) announced a strategic agreement with Anthropic covering memory and storage architecture design, a multi-year supply agreement, Micron’s internal adoption of Claude, and a strategic equity investment by Micron in Anthropic’s Series H funding round. Anthropic is the AI safety and research company behind the Claude family of AI models.

The most important aspect of the deal is a joint technical collaboration where the two companies will work together to analyze how Micron’s memory and storage subsystems perform across different AI workloads and interact across the full infrastructure stack. According to Micron, the goal is to improve performance, energy efficiency, and what the companies call token economics.

Built on top of that technical work is a multi-year supply agreement covering Micron’s full data center portfolio. The supply agreement is intended to provide Anthropic with long-term access to Micron’s data-center memory and storage portfolio, including HBM, DRAM, and SSDs. According to Tom Brown, co-founder and chief compute officer at Anthropic, this agreement addresses a key concern for any rapidly scaling AI lab, which is reliable access to the memory hardware its infrastructure depends on.

Micron also committed to deploy Anthropic’s Claude models internally across its own engineering, manufacturing, and enterprise functions. Teams will use the tools to accelerate coding workflows and enable more advanced, agentic applications. The company will also become a strategic Anthropic backer through a Series H funding round.

Micron Technology, Inc. (NASDAQ:MU) is a semiconductor company. It designs, manufactures, and sells memory and storage products, including DRAM, NAND flash, and solid-state drives for data centers, personal computers, mobile devices, and automotive markets.