Top 5 Stocks That Will Profit From AI

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

Number of Hedge Fund Holders: 137

Micron Technology, Inc. (NASDAQ:MU) is one of the Top 10 Stocks That Will Profit From AI. The company is also one of the three major global memory manufacturers of High Bandwidth Memory (HBM3E), a critical component for the world’s most powerful AI GPUs.

On April 28, 2026, D.A. Davidson initiated coverage on Micron Technology, Inc. (NASDAQ:MU) with a Buy rating. The firm’s analyst, Gil Luria, has set a price target of $1,000 on the stock, according to a CNBC report. Luria cited the company’s node leadership and long-duration earnings power and further stated that the AI boom is creating a positive feedback loop as well as a structurally higher ceiling for memory pricing, thereby favoring the company. In addition to the analyst’s statements, CNBC noted that Micron Technology, Inc. (NASDAQ:MU) shares have risen 84% year-to-date in 2026, with 41 of 44 Wall Street analysts maintaining bullish ratings on the stock.

In another development, on May 5, 2026, Micron Technology, Inc. (NASDAQ:MU) announced that the company had begun shipping the 245TB Micron 6600 ION, the world’s highest-capacity commercial SSD. The drive was designed for AI and cloud workloads and is capable of performing with 82% fewer racks than HDD-based storage. According to Jeremy Werner, the company’s senior vice president and general manager of Micron’s Core Data Center Business Unit, the drive provides the data center operators a critical new lever to improve rack-level total cost of ownership.

Founded in 1978, the Idaho-based company 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.