Healthy Position In AI-driven Memory Market Aids Micron Technology (MU), Says Parnassus Investments

Micron Technology, Inc. (NASDAQ:MU) is one of the Most Undervalued Semiconductor Stocks to Buy According to Analysts. In its Q2 2025 investor letter, Parnassus Investments stated that the company’s stock is being helped by a healthy position in the broader AI-driven memory market. Furthermore, the management highlighted the strong demand in its latest quarter. In Q3 2025, Micron Technology, Inc. (NASDAQ:MU)’s data center revenue more than doubled YoY, reaching a quarterly record, while consumer-oriented end markets witnessed robust sequential growth.

Coming to Micron Technology, Inc. (NASDAQ:MU)’s end markets, in the data center, the company projects the CY 2025 server market to rise by mid-single digits percentage in units, mainly due to the significant growth in AI servers. Micron Technology, Inc. (NASDAQ:MU) anticipates PC market units to rise in the low single-digit percentage range in CY 2025. In the upcoming quarters, critical catalysts for growth consist of elevated adoption of AI-enabled PCs and the Windows 11 upgrade cycle. Micron Technology, Inc. (NASDAQ:MU) remains focused on bringing differentiated high-performance products to the PC market.

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.

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