Micron Technology (MU): Renaissance Technologies Is Selling This Stock

1 week ago 19

Usman Kabir

Sat, May 30, 2026 astatine 2:10 PM CDT 2 min read

We conscionable covered the 12 Best Stocks to Invest In According to Jim Simons’ Renaissance Technologies and Micron Technology, Inc. (NASDAQ:MU) ranks 5th connected this list.

Micron Technology, Inc. (NASDAQ:MU) has featured intermittently successful the 13F portfolio of Renaissance Technologies. The money archetypal disclosed a involvement successful the institution backmost successful the archetypal 4th of 2011. This presumption comprised 1.7 cardinal shares and was sold disconnected wholly by the adjacent quarter. Since then, the money has bought a involvement successful the institution galore times and sold it disconnected wrong a fewer months. The latest holding was purchased successful the 3rd 4th of 2025. It comprised 1.2 cardinal shares astatine the time. Filings for the archetypal 4th of 2026 amusement that the money owned 2.1 cardinal shares successful the firm, down astir 30% compared to filings for the erstwhile quarter.

Northland Raises POET Technologies Price Target to $8 arsenic Company Expands AI Connectivity Initiatives

Micron Technology (NASDAQ:MU) shattered Wall Street expectations successful the latest net report. The steadfast pulled successful $23.86 cardinal successful Q2 2026 revenue, representing a 196% surge year-over-year, astir tripling the $8.05 cardinal recorded successful Q2 2025, and a 75% sequential leap from Q1. Non-GAAP diluted EPS landed astatine $12.20, obliterating the Wall Street statement estimation of $8.60 by 41.8%. For comparison, EPS successful the aforesaid 4th past twelvemonth was conscionable $1.56. Fueled by a proviso shortage that sent mean selling prices (ASPs) soaring, non-GAAP gross borderline expanded to 74.9%, up 18 percent points sequentially.

While we admit the imaginable of MU arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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