2 Top Artificial Intelligence Stocks to Buy in February
Artificial intelligence (AI) infrastructure continues to be one of the hottest areas in the market right now. Let's look at two hot AI stocks to buy this month.
The memory market is on fire, and (NASDAQ: MU) is one of the biggest beneficiaries of this trend. The company is a leader in DRAM (dynamic random access memory), while it also participates in the NAND (flash memory) market.
Micron is one of a trio of companies, along with Samsung and SK Hynix, that dominate the DRAM industry. Meanwhile, a specialized form of DRAM called high-bandwidth memory (HBM) has become an integral part of the AI infrastructure build-out. In order for graphics processing units (GPUs) and other AI chips to perform at their best, they need to be packaged with HBM to quickly store, recover, and transmit data. With demand for AI chips soaring, so is the need for HBM.
Source Fool.com
Micron Technology Inc. Stock
The stock is one of the favorites of our community with 137 Buy predictions and 1 Sell predictions.
As a result the target price of 386 € shows a slightly positive potential of 3.82% compared to the current price of 371.8 € for Micron Technology Inc..
