This Dark-Horse AI Stock Has Doubled Since April, and It Still Looks Like a Buy
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By now, investors are well aware of the big winners in artificial intelligence (AI): stocks like Nvidia and Palantir that have already delivered huge returns for early investors.However, there are plenty of winners in AI, and some of them have been more overlooked than others. One stock that still seems undervalued even after doubling since the market dip in April is Micron Technology (NASDAQ: MU), a leading maker of memory chips, including high-bandwidth chips that are used for AI applications.Micron is also an integrated device manufacturer, meaning it both designs and manufactures its own chips, differentiating it from companies like Nvidia, Broadcom, and Advanced Micro Devices. That exposes the company to added volatility due to the cyclical nature of the semiconductor industry, but it also gives the stock more upside in good times because it can fully capture the benefit of the AI boom.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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