Micron Technology, Inc. (NASDAQ:MU) is a top AI stock, with UBS raising its price target to $400.00. Analysts believe AI demand and improved EPS durability are driving a revaluation of the stock. Investors are underestimating the strategic value of memory in the AI era, leading to a positive outlook on Micron’s future.

UBS’s bullish stance on Micron follows meetings with key company personnel, reinforcing confidence in the current memory cycle’s durability. The firm sees AI making memory a strategic asset, affecting EPS durability positively and reducing market cyclicality. This could lead to a re-rating of the stock and higher key metrics.

Micron Technology, Inc. develops and sells memory and storage products globally. While Micron shows promise, other AI stocks may offer better upside potential with lower downside risk. For those seeking undervalued AI stocks with potential benefits from tariffs and onshoring trends, consider exploring other options.

Investors are urged to consider other AI stocks under $50 and those on the market’s radar for potential investment opportunities. Stay informed on the latest trends and opportunities in the AI sector for strategic investment decisions.

Read more at Yahoo Finance: UBS Raises Micron (MU) Price Target to $400, Citing AI-Driven Re-Rating