Micron Technology, Inc. (NASDAQ:MU) is one of the
Goldman Sachs AI Stocks: Top 12 Stocks to Buy. On March 19, 2026, Reuters reported that Micron Technology, Inc. (NASDAQ:MU)’s stock declined as investors reacted to increased capital spending plans despite solid AI-driven results. The corporation achieved record margins in the February quarter, driven by higher demand for advanced memory chips used in AI data centers and rising prices amid supply constraints. The company also outperformed Wall Street forecasts in the second quarter. The company forecasts third-quarter revenue of around $33.5 billion, plus or minus $750 million, higher than the $24.29 billion consensus estimate.
Micron Technology, Inc. (NASDAQ:MU) plans to increase fiscal 2026 capital expenditures by $5 billion, pushing its total investment to more than $25 billion, with a further spike expected in 2027. The corporation is growing production capacity by raising its expenditure on manufacturing space and equipment, including major investments in Tongluo, Taiwan, and fabrication projects in the United States. The company said the construction-related investment will rise by more than $10 billion year on year.
Micron Technology, Inc. (NASDAQ:MU) provides memory and storage solutions sold into client, cloud server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and consumer markets, among others.
While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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