5 Best Semiconductor Stocks to Buy According to Billionaires

In this article, we will take a look at the 5 Best Semiconductor Stocks to Buy According to Billionaires. For a deeper discussion and an extended list, please see the 10 Best Semiconductor Stocks to Buy According to Billionaires.

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

Number of Billionaire Holders: 35

Micron Technology, Inc. (NASDAQ:MU) is among the Best Semiconductor Stocks.

On June 24, Reuters reported that investors are gearing up for volatility ahead of Micron Technology, Inc. (NASDAQ:MU)  earnings, as sharp semiconductor swings and large flows tied to SpaceX are disrupting markets. Analysts forecast the semiconductor firm to post Q3 profit growth exceeding 1000% and revenue jumping nearly 285% YoY, Reuters said.

The stock has surged by 740% over the past year, lifting the market value to $1.20 trillion. Meanwhile, the Nasdaq has dipped more than 5% after a record run, Reuters noted. Chief equity market strategist at Morningstar, Michael Field, said investors are weighing whether the pullback triggers “a domino effect” or proves to be temporary.

Reuters said concerns over stretched valuations are still there, even as AI pushed spending supports earnings. Partner at Cherry Lane Investments in New Vernon, New Jersey, Rick Meckler said growth is real, but assumptions look “extreme.” Meanwhile, Kenny Polcari, who is chief market strategist at Slatestone Wealth, warned stocks “priced for perfection” risk sharp pullbacks if results disappoint.

Micron Technology, Inc. (NASDAQ:MU) provides innovative memory and storage solutions. It operates in the Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit segments.