dpMicron Technology, Inc. (NASDAQ:MU) is one of the
8 Most Undervalued AI Stocks to Buy According to Hedge Funds.
On May 26, 2026, Reuters reported that Micron Technology, Inc. (NASDAQ:MU) briefly surpassed a $1 trillion market value with shares jumping 17.4% to $881.6 after rising as much as 19.3% intraday. The surge came after UBS lifted its price target to $1,625 from $535, the highest among the 46 brokerages covering the firm, as per LSEG data.
The move brings to an end what Reuters described as a “dizzying rally.” The shares climbed more than eightfold in 12 months because of strong earnings and supply constraints, giving it pricing power.
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“The need for pure memory has increased rapidly,” Art Hogan told Reuters, noting Micron Technology, Inc. (NASDAQ:MU) “sits at the center” of AI-driven demand.
Reuters said the company’s 2026 high-bandwidth memory supply is already sold out. The next-gen HBM4 chips have entered production, showing tightening capacity as data center investment accelerates.
Micron Technology, Inc. (NASDAQ:MU) is the U.S.’s largest memory chipmaker. It operates in four business units: 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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