This Underrated Semiconductor Stock Is the Last Great Value Play in AI Infrastructure

The massive spending on artificial intelligence (AI) infrastructure has created several winners in the past three years. From Nvidia to Broadcom to CoreWeave to Nebius, several companies are seeing a remarkable surge in their growth rates and stock prices.That's why anyone looking to buy an AI infrastructure stock right now will most likely be paying an expensive multiple. For instance, all the names mentioned above have either high sales or earnings multiples, or both. However, there's one stock that can still be bought at an extremely cheap valuation despite its stunning growth rate.Micron Technology (NASDAQ: MU) makes compute and storage memory chips that go into several applications such as data centers, personal computers, smartphones, and automotive components. Its business has taken off thanks to AI. But Micron's valuation suggests that its growth potential isn't fully priced into the stock yet.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool