Micron Technology, Inc. (NASDAQ:MU) is one of the 10 Best American Tech Stocks to Buy. On April 25, Mizuho Technology, Media, and Telecommunications (TMT) specialist Jordan Klein highlighted several memory stocks that investors should be investing in to benefit from the AI CPU trade.
Klein said that he “could not be more bullish on DRAM and Memory overall off this AI CPU acceleration narrative/chase.” These comments come at a time when industry data shows tightening supply conditions. Supply is not keeping up with demand and no new supply is expected until the second half of 2027. As a result, prices are expected to rise.
High Bandwidth Memory (HBM), a type of DRAM used in AI accelerators, is also seeing strong demand, with a 3-to-1 trade ratio. Klein also pointed out that CPUs cannot operate RAM. He noted that “they go hand in hand. So a lot more server (or even client CPUs) means a lot more DRAM over time.”
Looking at NAND stocks, Klein noted that Micron Technology, Inc. (NASDAQ:MU) is among the stocks that are “way cheaper.” He added that Micron Technology, Inc. (NASDAQ:MU) is “crazy cheap,” trading at around 3 to 4 times buy-side EPS.
Micron Technology, Inc. (NASDAQ:MU) is a leading semiconductor technology company that is known for its innovative memory and storage solutions. The company offers a portfolio of high-performance DRAM, NAND, and NOR memory and storage products.
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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