This Artificial Intelligence Stock Could Be the Biggest Bargain Buy of 2026

• Micron Technology has singular net maturation potential.

• It is benefiting from the favorable dynamics of the representation market, peculiarly owed to the AI infrastructure buildout.

• 10 stocks we similar amended than Micron Technology ›

Artificial quality (AI) stocks delivered different twelvemonth of awesome returns to investors successful 2025, arsenic is evident from the 30% leap successful the Global X Artificial Intelligence & Technology ETF -- the largest AI-focused exchange-traded fund.

The assemblage did good contempt starting 2025 connected the backmost ft for reasons that included President Donald Trump's tariff-induced commercialized wars and concerns astir the immense amounts of wealth being spent connected AI infrastructure. Those concerns were amplified aft Chinese tech startup DeepSeek claimed that it had been capable to bid its ample connection exemplary for a fraction of what the likes of OpenAI person been spending.

Following their singular surges implicit the past year, astir of the apical AI stocks -- names similar Nvidia, Palantir, Broadcom, and Snowflake -- are trading astatine costly income multiples, lofty net multiples, oregon both. However, determination is 1 AI banal that tin beryllium bought astatine an incredibly inexpensive valuation close now, contempt having risen 250% successful the past twelvemonth -- Micron Technology (NASDAQ: MU).

Here's wherefore this semiconductor institution could beryllium the biggest bargain bargain of 2026.

For a institution that reported a 57% year-over-year summation successful gross and a 167% summation successful non-GAAP (adjusted) net successful its latest quarter, a trailing net aggregate of 27 is simply a monolithic bargain. Even better, Micron anticipates that successful the existent quarter, its apical enactment volition leap by 132% twelvemonth implicit twelvemonth to $18.7 billion, and its adjusted net volition leap much than fivefold.

Therefore, Micron's valuation suggests that the marketplace has not yet afloat priced its maturation imaginable into the stock. Consensus estimates are projecting its net volition summation astir fourfold successful its adjacent fiscal twelvemonth to $32.14 per share. Not surprisingly, Micron has a guardant net aggregate of conscionable 9, good beneath the tech-laden Nasdaq-100 index's guardant price-to-earnings (P/E) ratio of 26.

If the marketplace decides to reward Micron with a higher aggregate and it trades astatine a guardant P/E successful enactment with the Nasdaq-100's mean aft a year, its banal terms could sprout up remarkably. More importantly, Micron is so susceptible of hitting Wall Street's net expectations.

Demand for representation chips is acold outstripping supply. A important chunk of the disposable high-bandwidth representation accumulation is being deployed successful AI accelerator chips specified arsenic graphics processing units. As a result, determination is simply a shortage of the representation chips utilized successful smartphones and idiosyncratic computers. This shortage has driven a monolithic summation successful representation prices.