Billionaire investor Kerr Neilson has made a significant move by acquiring over $81 million in shares of Micron Technology, Inc. (NASDAQ:MU), which now constitutes 4.72% of his investment portfolio. This acquisition places Micron among Neilson’s 10 stock picks that are believed to have substantial upside potential.
In a recent report, Mizuho Securities has affirmed its ‘Outperform’ rating for Micron Technology with an increased price target, raised from $130 to $150. This adjustment comes on the heels of the company posting strong earnings for the third fiscal quarter of 2025, marking a notable 46.76% increase in share price year-to-date.
The impressive quarterly performance was driven by robust demand for Micron’s DRAM and high-bandwidth memory (HBM) chips. Analysts noted the company’s growing influence in the artificial intelligence (AI) sector, with projections indicating that Micron’s HBM market share could reach 25% by the end of 2025, and segment revenue is anticipated to soar to $17 billion in 2026, largely due to the upcoming launch of HBM4 technology.
Micron Technology, which operates under the Micron and Crucial brands, manufactures memory and storage products for sectors including data centers, mobile, automotive, and consumer electronics. This diverse market reach bodes well for its continued growth and profitability.
Although Micron presents a compelling investment opportunity, some analysts contend that certain AI stocks may provide even more favorable upside potential with less associated risk. Investors exploring undervalued stocks may want to consider options that could benefit from current market trends and economic policies.
With Micron’s sustained momentum and strategic positioning in the memory technology sector, there are promising indications for its future performance.