Parnassus Investments released its second-quarter 2025 investor letter, reporting a net return of 7.24%, outperforming the Russell 1000 Value Index. The letter lists the firm’s top 5 holdings, including Micron Technology Inc. (NASDAQ:MU), which gained 1.95% over the last 12 months and closed at $111.96 on July 29, 2025.

The investor letter highlighted Micron Technology Inc. (NASDAQ:MU)’s strength in the AI-driven memory market, leading to share advancement. With 96 hedge fund portfolios holding positions in MU at the end of Q1 2025, the company exceeded analyst forecasts with Q3 2025 EPS of $1.91.

While Micron Technology Inc. (NASDAQ:MU) is not among the 30 most popular stocks among hedge funds, it showed strong performance with Q3 2025 EPS. The firm believes certain AI stocks offer greater upside potential and less downside risk. For investors seeking potential AI investments, explore the report on the best short-term AI stock.

Read more at Yahoo Finance: Here’s Why You Should Consider Investing in Micron Technology (MU)