Micron Technology, Inc. (MU) Is A Top AI Stock In Ken Griffin’s Portfolio

Micron Technology, Inc. (NASDAQ:MU) is one of the

13 Best Stocks to Invest In According to Billionaire Ken Griffin.

Memory chip manufacturer Micron Technology, Inc. (NASDAQ:MU)’s shares are among the top performers in the market. They are up by 671% over the past year and by 171% year-to-date. Morgan Stanley discussed the firm on June 3rd as it significantly raised the share price target to $1,050 from $520 and kept a Buy rating on the stock. At the heart of the bank’s coverage was the ongoing memory shortage, as it explained that apart from more output, there was no other solution to resolve the market’s tightness. June has shaped up to be a crucial month for Micron Technology, Inc. (NASDAQ:MU) after comments made by NVIDIA CEO Jensen Huang in Taiwan. Huang confirmed that his firm had qualified three firms to supply memory chips for the latest Vera Rubin AI platform, with Micron being one of the three companies.

Micron Technology, Inc. (NASDAQ:MU) has a forward price-to-earnings multiple of 12.87, which is lower than the semiconductor sector’s 37.29.

Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.

Baird Chautauqua International and Global Growth Funds discussed Micron Technology, Inc. (NASDAQ:MU) in its Q4 2025 investor letter:

“Micron reported strong FY4Q25 results and raised its 1Q guidance for revenues, earnings, and margins, reflecting improved pricing, particularly in DRAM. Demand continues to outpace supply, with pricing up sequentially in both DRAM and NAND. Management sees tightness in supply across CY26.”

While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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