What Is One of the Best AI Stocks to Own for the Next 5 Years?

Core Viewpoint - Tech companies are heavily investing in infrastructure to meet the demands of artificial intelligence (AI) systems, with Micron Technology positioned to benefit significantly from this trend [1][2]. Company Performance - Micron Technology produces memory and storage solutions essential for AI, leading to strong financial results, with a 49% increase in revenue to a record $37.4 billion for the fiscal year ending August 28, 2025 [4][9]. - Net income surged by 998%, rising from $778 million to $8.5 billion, while earnings per share (EPS) increased by 984% to $7.59 [4][9]. Future Projections - The company forecasts continued growth, projecting first-quarter revenue of $12.5 billion and an EPS of $3.56 for the 2026 fiscal year [5]. - Data center spending is expected to rise from $430 billion in 2024 to $1.1 trillion by 2029, which could further enhance Micron's market performance [6][9]. Valuation - Micron is currently trading at 21 times earnings and just 10 times forward earnings, indicating a relatively low valuation compared to peers, making it an attractive buy-and-hold opportunity through 2030 and beyond [7][9].