Here's Why You Should Consider Investing in Micron Technology (MU)

Parnassus Investments, an investment management firm that focuses on owning a concentrated portfolio of U.S. large cap stocks, released its Parnassus Value Equity Fund second-quarter 2025 investor letter. The full letter is available for download here. For the second quarter of 2025, the fund reported a net return of 7.24%, outperforming its benchmark, the Russell 1000 Value Index, which returned 3.79% for the same period. The fund’s top 5 holdings are also listed in the letter, showing the firm’s main investment positions heading into 2025.

One of the companies mentioned in the letter is Micron Technology Inc. (NASDAQ:MU). Micron Technology Inc. (NASDAQ:MU) designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally. Over the past month, Micron Technology Inc. (NASDAQ:MU) fell by -8.03%, and it gained 1.95% over the last 12 months. On July 29, 2025, Micron Technology Inc. (NASDAQ:MU) shares closed at $111.96, with a market value of $125.298 billion.

Here is what they have to say about Micron Technology Inc. (NASDAQ:MU) in their investor letter:

"Micron Technology Inc. (NASDAQ:MU) shares advanced due to the company's strong position in the AI-driven memory market. Management noted robust demand in its latest quarter."

Here's Why You Should Consider Investing in Micron Technology (MU)

Micron Technology Inc. (NASDAQ:MU) is not included in our list of the 30 most popular stocks among hedge funds. According to our data, 96 hedge fund portfolios held positions in Micron Technology Inc. (NASDAQ:MU) at the end of the first quarter of 2025, up from 94 in the previous quarter. Micron Technology, Inc. reported Q3 2025 EPS of $1.91, exceeding analyst forecasts of $1.60. While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Micron Technology Inc. (NASDAQ:MU) is not included in our list of the 30 most popular stocks among hedge funds. According to our data, 96 hedge fund portfolios held positions in Micron Technology Inc. (NASDAQ:MU) at the end of the first quarter of 2025, up from 94 in the previous quarter. Micron Technology, Inc. reported Q3 2025 EPS of $1.91, exceeding analyst forecasts of $1.60. While we acknowledge the risk and potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Micron Technology Inc. (NASDAQ:MU) and shared Goldman Sachs’ views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.