Micron Technology (MU) Among the Top Unstoppable Growth Stocks

On Friday, June 5, Micron Technology, Inc. (NASDAQ:MU) declined almost 20% due to a sector-wide correction triggered by Broadcom’s earnings. On Thursday, June 4, Broadcom released its fiscal Q2 2026 earnings, in which the company did not raise its full-year AI semiconductor revenue target, thereby sparking a sector-wide concern that AI capital expenditure has plateaued.

​However, Wall Street maintains its bullish sentiment on Micron Technology, Inc. (NASDAQ:MU) and expects the company to grow its EPS by more than 126% over the next 5 years. The stock ranks among the Top 10 Unstoppable Growth Stocks to Invest In.

​While the 20% decline sounds a lot, it comes after an impressive year-to-date rally in which the stock has gained more than 200%. Recently, on June 2, Morgan Stanley raised the firm’s price target on the stock from $520 to $1,050, while maintaining an Overweight rating on the shares.

​This almost twofold price target increase is based on the persistent memory shortage with no near-term solution. Morgan Stanley expects tight supply conditions to last for at least two to three more years and finds this a structural tailwind for Micron. The firm acknowledged that the stock has gained in 2025 and 2026, and expects the rally to continue, driven by sustained demand and constrained supply.

​​Micron Technology, Inc. (NASDAQ:MU) provides memory and storage solutions sold into client, cloud server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and consumer markets, among others.

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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