Investors looking for cheap stocks in the AI sector can consider Micron Technology (NASDAQ: MU), a key memory chip provider. Trading at just 10 times forward earnings, Micron is significantly cheaper than its tech counterparts. Despite strong revenue growth, Micron’s stock remains undervalued due to the cyclical nature of memory chips.

Micron’s production capacity is currently maxed out, with high demand for its memory chips expected to continue. New facilities are under construction, but the shortage may persist until 2026. As a result, Micron’s gross margin is approaching record highs, with expected profitability surges. Investors have the opportunity to capitalize on Micron’s potential growth in 2026.

Before buying Micron stock, investors should consider other top stock picks from The Motley Fool Stock Advisor team. While Micron wasn’t on their list, the 10 recommended stocks have historically produced significant returns. Don’t miss out on potential opportunities to grow your investment portfolio with expert advice from The Motley Fool.

Read more at Nasdaq: 1 Dirt Cheap Artificial Intelligence Stock That Could Skyrocket in 2026