Group 1 - AI stocks have been among the best-performing assets over the past five years, but there is still a significant opportunity in the sector [1] - Micron (NASDAQ: MU) is identified as an undervalued AI stock with a forward P/E ratio of 10 and over 50% year-over-year revenue growth [2] - Micron's market cap is approaching $400 billion, and its stock price has more than tripled in the past year, yet it maintains one of the lowest forward P/E ratios among AI stocks [5] Group 2 - Micron's revenue growth is driven by its cloud memory business unit, which nearly doubled year over year, contributing $5.3 billion to the total revenue of $13.6 billion [7] - The company has reported a 56.7% year-over-year revenue growth in its fiscal Q1 2026, with profits increasing by 180.2% [6] - The shortage of high bandwidth memory is a critical bottleneck in the AI infrastructure buildout, positioning Micron favorably for future growth [8]