Have $6,000? These 3 Stocks Could Be Bargain Buys for 2025 and Beyond

Core Viewpoint - Micron Technologies, Qualcomm, and Cisco Systems are identified as undervalued tech stocks with significant growth potential, making them attractive investment opportunities at the start of 2025 [1][3]. Micron Technologies - Micron is a leading manufacturer of DRAM and NAND memory chips, producing denser and more power-efficient chips compared to its larger competitors, Samsung and SK Hynix [4]. - The memory market is cyclical, with Micron's revenue declining by 49% in fiscal 2023 due to reduced PC shipments and a slowdown in data center spending [5]. - In fiscal 2024, Micron's revenue rebounded by 62%, driven by stabilization in the PC and smartphone markets and data center upgrades for generative AI applications [6]. - Analysts project revenue and adjusted EPS growth of 40% and 434%, respectively, for fiscal 2025, with a current valuation of 13 times forward earnings [7]. Qualcomm - Qualcomm is a major producer of mobile system on chips (SoCs) and baseband modems, holding a significant portfolio of wireless patents [8]. - The company ranks second in the smartphone SoC market, with its Snapdragon SoCs dominating the premium Android segment [9]. - Qualcomm's revenue increased by 32% in fiscal 2022 but fell by 19% in fiscal 2023 due to a cooling smartphone upgrade cycle and macroeconomic challenges [10]. - For fiscal 2024, Qualcomm's revenue and adjusted EPS grew by 9% and 21%, respectively, with expectations of 11% and 14% growth for fiscal 2025, trading at 15 times forward earnings and offering a forward yield of 1.9% [11]. Cisco Systems - Cisco is a leading networking hardware and software company, benefiting from its scale, diversification, and ecosystem advantages [13]. - The company's revenue grew by 1% in fiscal 2021 and 3% in fiscal 2022, but rose by 11% in fiscal 2023 as supply chain issues were resolved [14]. - In fiscal 2024, Cisco's revenue and adjusted EPS declined by 6% and 4%, respectively, due to customer inventory accumulation and macroeconomic headwinds [15]. - Analysts expect a 4% revenue growth for fiscal 2025 as the company addresses inventory challenges, with a current valuation of 17 times forward earnings and a forward yield of 2.6% [16].