Micron Technology, Inc. (NASDAQ:MU) is one of the
8 Best Affordable AI Stocks to Buy Right Now.
On May 12, Bill Baruch, founder and president of Blue Line Capital, cut nearly half of his position in Micron Technology, Inc. (NASDAQ:MU) near a target of $900. The company was Bill’s most important position until “the euphoria became too strong to ignore.”
On the same day, Micron Technology, Inc. (NASDAQ:MU) delved deeper into AI infrastructure. The company reported testing 256GB DDR5 RDIMM modules for key ecosystem partners, delivering speeds of up to 9,200 MT/s, “more than 40% faster” than current modules, while reducing operating power by more than 40% compared to dual 128GB configurations.
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Raj Narasimhan, head of the company’s cloud memory unit, said the product enables “significantly higher performance,” pointing to gains in capacity, bandwidth and efficiency.
The company said it is covalidating the modules with partners to accelerate deployment, targeting data center customers building artificial intelligence and high-performance computing systems at scale.
Micron Technology, Inc. (NASDAQ:MU) offers innovative memory and storage solutions. It operates in four segments: Computing and Networking Business Unit, Mobile Business Unit, Integrated Business Unit and Storage Business Unit.
While we recognize MU’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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