Billionaire Chris Rokos’ 10 Stock Picks with Huge Upside Potential

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

Rokos Capital Management Stake Value: $43,538,807

Upside Potential as of May 7: 55.02%

Number of Hedge Fund Holders: 94

Micron Technology, Inc. (NASDAQ:MU) is a semiconductor company that provides memory and storage solutions. The company designs and manufactures DRAM, NAND, and NOR flash memory for computing and networking sectors. It operates through Micron and Crucial brands.

Micron Technology, Inc.’s (NASDAQ:MU) Q2 2025 earnings exceeded guidance, with revenue hitting $8.05 billion compared to $5.82 billion in the same period last year. The company’s data center revenue tripled from a year ago, with HBM (High Bandwidth Memory) revenue crossing the $1 billion milestone in the quarter. CEO Sanjay Mehrotra provided an optimistic outlook for Q3 2025, projecting record quarterly revenue of $8.8 billion (±$200 million). He also expects strong DRAM and NAND demand growth in both data center and consumer markets.

This positive outlook aligns with broader industry trends. According to the Semiconductor Industry Association (SIA) estimates, global semiconductor sales reached $167.7 billion for Q1 2025. The sales figure is 18.8% higher than Q1 2024. SIA further stated that the industry is experiencing particularly strong growth in the Americas region. The report concludes that there is a sustained high demand for semiconductor products. In other words, the business environment is favorable for companies like Micron (NASDAQ:MU) to continue growing.

Unsurprisingly, Citi reiterated a Buy rating and a $110 price target on Micron (NASDAQ:MU). The investment bank cited an analysis by TrendForce, which reported that PC DRAM prices are expected to rise 3%-8% quarter-on-quarter in Q2. These projections exceed prior forecasts of flat growth due to higher demand and low inventory.