Why Micron May Be the Most Undervalued Winner of the AI Boom

The artificial intelligence (AI) boom has created no shortage of trillion-dollar companies. Investors have watched chipmakers, cloud providers, and software giants add hundreds of billions of dollars in market value as AI reshapes the technology landscape. Yet one of the biggest winners has been hiding in plain sight. While most of the attention has gone to Nvidia (NVDA), memory manufacturer Micron Technology (MU) has quietly become one of the market's most powerful AI plays.

After an extraordinary run over the past year, many investors assume the easy money has already been made. The numbers suggest otherwise.