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Micron's Embedded unit sales jumped 20% sequentially in Q3 as AI gains traction in industrial and automotive markets, driving fresh momentum.
Key Points in This Article: One hidden AI chip stock quietly doubled from its April low, thriving on surging demand for high-bandwidth memory critical for AI data centers.
Shares of memory giant Micron Technology (MU -1.09%) rallied 30.5% in June, according to data from S&P Global Market Intelligence.
Some artificial intelligence (AI) stocks inspire tons of headlines. You probably know exactly what Nvidia (NVDA -2.87%) and Microsoft (MSFT -1.02%) are doing in the AI space, whether their stocks are doing well or not.
Micron (MU -1.88%) is forecasting robust demand growth for its products.
Technology has historically been the place to look for quality growth stocks. The technology sector has outperformed the S&P 500 over the last five years, and the growth of artificial intelligence (AI) and cloud computing are catalysts for this run to continue.
Micron's (MU -1.88%) investment in product and manufacturing is working better than expected.
Micron (MU) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
When it comes to artificial intelligence (AI) chips, most investors typically think about the graphics processing units (GPUs) designed by Nvidia (NVDA 0.35%) and Advanced Micro Devices (AMD -1.22%). GPU sales have soared for both companies over the last couple of years, and in Nvidia's case, they have added trillions of dollars to its market capitalization.