/Micron%20Technology%20Inc_billboard-by%20Poetra_RH%20via%20Shutterstock.jpg)
The rapid proliferation of artificial intelligence (AI) is tremendously boosting Micron's (MU) top and bottom lines and will likely continue to do so going forward. One of MU's biggest opportunities in the AI space involves selling its high-bandwidth memory chips to Alphabet's (GOOG) (GOOGL) Google. Given MU's almost absurdly low valuation, its shares are likely to get a much bigger boost than Google if the tech giant's potential chip deal with Meta (META) materializes.
And in any event, Micron's shares look poised to boom over the longer term as the AI revolution continues.