Does DRAM and NAND Memory Opportunities Assert Micron Technology, Inc. (MU) as a Top Data Center Stock?

Micron Technology Inc. (NASDAQ:MU) is one of the best data center stocks to buy right now. On April 8, UBS reiterated its Buy rating on Micron Technology Inc. (NASDAQ:MU), noting that it is well-positioned to benefit from continued pricing strength across DRAM and NAND memory.

Does DRAM and NAND Memory Opportunities Assert Micron Technology, Inc. (MU) as a Top Data Center Stock?

Consequently, the research firm raised the stock’s price target to $535 from $510 amid strong demand for high-bandwidth memory, which is expected to drive margins higher. According to UBS, the company should capitalize on the fact that hyperscalers and original equipment manufacturers remain inclined to sign long-term agreements.

Talks around volume commitments, pre-payments, and well-defined pricing bands pave the way for Micron Technology, SK Hynix, and Samsung to rebuild premium for HBM pricing into 2027. Amid strong pricing power, UBS expects Micron Technology to deliver earnings per share of approximately $135 in 2027, compared to the street estimate of $103.

On the other hand, Micron Technology has initiated a strategic investment in SiMa.ai to support the scaling of Physical AI solutions for edge applications, including robotics and autonomous systems.

Micron Technology, Inc. (NASDAQ:MU) is an American semiconductor firm that designs and makes high-performance memory and storage products. Its key technologies—DRAM, NAND, and NOR flash—support AI, data centers, mobile, automotive, and industrial uses, under Micron and Crucial brands.

While we acknowledge the risk and potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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