Micron Technology, Inc. (MU) Is One Of Billionaire David Tepper’s Top AI Stocks

We recently published David Tepper Stock Portfolio: 10 Long-Term Stock Picks. Micron Technology, Inc. (NASDAQ:MU) is one of the long-term stock picks.

Memory giant Micron Technology, Inc. (NASDAQ:MU) is a major position in Appaloosa Management’s portfolio. It is also one of the oldest as the fund has held a position since the fourth quarter of 2010. After briefly not holding any stakes between 2011 and mid to late 2015, the fund has consistently held a stake in Micron Technology, Inc. (NASDAQ:MU)’s shares since the fourth quarter of 2016. This decision has proven to be fruitful as the average share price has jumped from $18.78 during Q4 2016 to a whopping $391 in Q1 2026. Appaloosa’s latest stake in Micron Technology, Inc. (NASDAQ:MU) is worth a whopping $562 million.

Micron Technology, Inc. (MU) Is One Of Billionaire David Tepper's Top AI Stocks

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The primary driver behind Micron Technology, Inc. (NASDAQ:MU)’s accelerating fortune is the shortage in the memory industry brought on by the demand from AI GPUs. On this front, the firm made a key announcement on June 10th when it selected its engineering partner for a leading-edge memory manufacturing facility in New York. Micron Technology, Inc. (NASDAQ:MU)’s fiscal second quarter earnings saw its revenue grow by 196% year-over-year to sit at $23.86 billion.

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