Looking for an AI Play? Micron Stock Is Cheap and Growing Very Quickly.

In light of Micron Technology’s (NASDAQ:MU) high leverage to the ongoing AI boom, very rapid growth and low valuation, I recommend that investors buy the shares of the memory-chip maker. Also importantly, many on Wall Street appear to be quite bullish on MU stock despite its anemic valuation.High Leverage to the AI BoomOn the firm’s last earnings call, CEO Sanjay Mehrota reported that “rapidly growingAI (artificial intelligence) demand” had caused the company’s revenue from data centers to jump 50% last qua ...