Micron Technology, Inc. (NASDAQ: MU) is named a top pick by Morgan Stanley with a raised price target of $338. The firm cites intensifying shortages in memory markets, particularly in DDR5 DRAM. Analysts believe the recent selloff in semiconductor stocks is unwarranted as tightening memory supply points to strong earnings ahead.

While Micron shows promise, other AI stocks may offer greater upside potential with less downside risk. Analysts recommend exploring undervalued AI stocks in a free report. The company develops and sells memory and storage products for various industries globally. The firm sees generational tightness in memory markets, signaling potential crisis levels in product availability.

Read more at Yahoo Finance: Micron (MU) Named Morgan Stanley’s Top Pick as Memory Shortages Intensify