Post Content
Micron Technology, Inc. (NASDAQ:MU) earns a spot on our list of 8 Best AI Infrastructure Stocks to Invest in.
As of March 30, 2026, 94% of the covering analysts maintain bullish ratings on Micron Technology, Inc. (NASDAQ:MU), indicating that analyst sentiment remains robust. A 53.97% upside is implied by the consensus price target of $550.00.
In the AI era, memory is evolving into a strategic asset for the company, according to CEO Sanjay Mehrotra.
On March 18, 2026, Micron Technology, Inc. (NASDAQ:MU) announced a record fiscal second-quarter. The results emphasized the growing influence of demand for artificial intelligence on memory markets. Despite limited supplies, revenue increased to $23.86 billion from $8.05 billion in the previous year, and GAAP net income reached $13.79 billion. Additionally, operating cash flow increased to $11.90 billion, demonstrating strong execution.
Cantor Fitzgerald raised the stock’s price target, citing the company’s guided earnings per share of $19.15 for fiscal Q3, which was noted considerably above consensus projections. The company disclosed that a large share of DRAM consumption may be attributed to AI-related demand this year, placing Micron Technology, Inc. (NASDAQ:MU) at the forefront of the ongoing development of AI infrastructure.
Micron Technology, Inc. (NASDAQ:MU) provides memory and storage solutions sold into cloud server, enterprise, graphics, networking, smartphones, 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.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years
Disclosure: None. Follow Insider Monkey on Google News.