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

8 Best AI Stocks to Buy According to Billionaire Ken Griffin.

On April 22, 2026, Reuters reported that Micron Technology, Inc. (NASDAQ:MU) is lobbying Congress to tighten export controls on chipmaking equipment used by Chinese competitors, quoting sources familiar. Lawmakers cleared the MATCH Act, which seeks to close regulatory gaps as well as compel foreign toolmakers to comply with US restrictions. The measure targets Chinese firms like Yangtze Memory Technologies, ChangXin Memory Technologies, and Semiconductor Manufacturing International Corp.

Sources said Micron Technology, Inc. (NASDAQ:MU) urged more action to prevent China’s memory ambitions, presenting the matter as national security. CEO Sanjay Mehrotra had a meeting with House and Senate panels behind closed doors.

The proposal would limit additional equipment, including DUV immersion machines, and require licensing for tool servicing at specific sites. Samsung Electronics and SK Hynix dominate memory markets, while Chinese players develop despite existing restrictions.

Micron Technology, Inc. (NASDAQ:MU) provides innovative memory and storage solutions. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Embedded Business Unit, and Storage Business Unit.

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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