5 Best Stocks to Buy According to Billionaire Ken Griffin

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

Citadel’s Stake: $1.6 billion 

Memory chip manufacturer Micron Technology, Inc. (NASDAQ:MU)’s shares are among the top performers in the market. They are up by 671% over the past year and by 171% year-to-date. Morgan Stanley discussed the firm on June 3rd as it significantly raised the share price target to $1,050 from $520 and kept a Buy rating on the stock. At the heart of the bank’s coverage was the ongoing memory shortage, as it explained that apart from more output, there was no other solution to resolve the market’s tightness. June has shaped up to be a crucial month for Micron Technology, Inc. (NASDAQ:MU) after comments made by NVIDIA CEO Jensen Huang in Taiwan. Huang confirmed that his firm had qualified three firms to supply memory chips for the latest Vera Rubin AI platform, with Micron being one of the three companies.

Micron Technology, Inc. (NASDAQ:MU) has a forward price-to-earnings multiple of 12.87, which is lower than the semiconductor sector’s 37.29.

Baird Chautauqua International and Global Growth Funds discussed Micron Technology, Inc. (NASDAQ:MU) in its Q4 2025 investor letter:

“Micron reported strong FY4Q25 results and raised its 1Q guidance for revenues, earnings, and margins, reflecting improved pricing, particularly in DRAM. Demand continues to outpace supply, with pricing up sequentially in both DRAM and NAND. Management sees tightness in supply across CY26.”