Is Micron Technology the Most Underrated Artificial Intelligence (AI) Play of the Decade?

Group 1 - The semiconductor industry is a key focus for artificial intelligence (AI) stocks, with companies like Nvidia, AMD, and Broadcom leading in parallel processors that support generative AI [1] - Taiwan Semiconductor Manufacturing is highlighted as a lucrative investment opportunity in the AI sector due to its dominant position in chip fabrication [1] - Micron Technology has seen a significant stock increase of 188% in 2025, suggesting it remains an underrated player in the AI market despite its recent rally [2] Group 2 - Micron plays a critical role in the semiconductor landscape by providing memory and storage chips essential for AI workloads, including DRAM, NAND, and high-bandwidth memory [5] - Unlike competitors, Micron is not in direct competition with major GPU manufacturers but is positioned to grow alongside them as demand for AI infrastructure increases [4] - A report from McKinsey & Company indicates that AI infrastructure investment could reach nearly $7 trillion over the next five years, with major companies expected to spend around $500 billion on AI capital expenditures in the coming year [7][8]