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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.

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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