What Makes Micron Technology (MU) a Bullish Stock?

Chautauqua Capital Management, a division of Baird Asset Management, is a boutique investment firm that released its third-quarter 2025 investor letter for the “Baird Chautauqua International and Global Growth Fund”. A copy of the letter can be downloaded here. Global equity markets delivered solid results in the third quarter, driven by the resolution of significant trade conflicts and a shift in U.S. monetary policy toward a more dovish stance. Baird Chautauqua International Growth Fund underperformed the benchmark, MSCI ACWI ex-U.S. Index - ND, in the quarter, driven by stock selection in the information technology, financials, and industrials sectors, which detracted the most from returns. The Baird Chautauqua Global Growth Fund also trailed the benchmark, MSCI ACWI Index – ND, in the quarter as stock selection in the information technology, financials, and industrials sectors detracted the most from returns. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Baird Chautauqua International and Global Growth Fund highlighted stocks such as Micron Technology, Inc. (NASDAQ:MU). Micron Technology, Inc. (NASDAQ:MU) is a technology company that designs, develops, manufactures, and distributes memory and storage products. The one-month return of Micron Technology, Inc. (NASDAQ:MU) was 25.93%, and its shares gained 226.82% of their value over the last 52 weeks. On December 31, 2025, Micron Technology, Inc. (NASDAQ:MU) stock closed at $285.41 per share with a market capitalization of $321.23 billion.

Baird Chautauqua International and Global Growth Fund stated the following regarding Micron Technology, Inc. (NASDAQ:MU) in its third quarter 2025 investor letter:

"Micron Technology, Inc. (NASDAQ:MU) raised its 4Q guidance for revenues, earnings, and margins, reflecting improved pricing, particularly in DRAM. There is strong AI data center demand for high-bandwidth memory, with CY26 capacity already fully sold out. Guidance for the next quarter is above consensus."

Micron Technology, Inc. (NASDAQ:MU) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 105 hedge fund portfolios held Micron Technology, Inc. (NASDAQ:MU) at the end of the third quarter, compared to 94 in the previous quarter. In the first quarter of fiscal 2026, Micron Technology, Inc. (NASDAQ:MU) reported revenue of $13.6 billion, up 21% sequentially and up 57% year over year. While we acknowledge the potential of Micron Technology, Inc. (NASDAQ: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.

In another article, we covered Micron Technology, Inc. (NASDAQ:MU) and shared the list of best-performing dividend stocks to invest in. In addition, please check out our hedge fund investor letters Q3 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.