In 2025, AI stocks saw a 30% increase in the Global X Artificial Intelligence & Technology ETF, despite initial challenges from trade wars and infrastructure spending concerns. Micron Technology stands out as a bargain buy, with a 27 trailing earnings multiple and impressive growth projections for 2026, making it a potential long-term winner.

Micron’s revenue and earnings have shown significant increases, with projections for a 132% jump in revenue and fivefold increase in adjusted earnings for the current quarter. The company’s forward earnings multiple of 9 is well below the Nasdaq-100 index, indicating potential for substantial growth in its stock price.

Demand for memory chips, especially for AI accelerator chips, is causing a shortage of memory chips used in smartphones and personal computers, leading to a surge in memory prices. Market research firm IDC expects memory supply growth to be lower in 2026, driving prices even higher, with server memory prices potentially doubling.

Micron’s share price growth is expected to continue beyond 2026, fueled by increasing spending on AI data centers projected to reach $1.2 trillion in 2030. Despite the potential for growth, Micron’s current valuation remains low, making it an attractive investment opportunity for the future.

Read more at Yahoo Finance: This Artificial Intelligence Stock Could Be the Biggest Bargain Buy of 2026