Micron Technology, Inc. (NASDAQ:MU) is one of the 15 Best Stocks to Buy According to Billionaire Ray Dalio.
Micron Technology, Inc. (NASDAQ:MU) is one of the favorite chip stocks of Ray Dalio. It has featured in the 13F portfolio of Bridgewater Associates, with minor exceptions, since late 2011. The latest holding is a new one, purchased after a gap of nearly one year. Filings for the fourth quarter of 2025 show that the fund owns more than 889,000 shares in the semiconductor company, up over 5,200% compared to filings for the third quarter of 2025. Even though it is a massive increase, this share ownership is still less than the 2.26 million shares that the fund owned in Micron back in the first quarter of 2016.
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Micron Technology (NASDAQ:MU) has several long-term growth catalysts that are attracting hedge fund interest. As of March 2026, Micron has already fully sold out its entire HBM capacity for the remainder of 2026. The company is also no longer just selling commodity RAM. It is selling the specialized memory cubes, like HBM3E and the new HBM4, required by NVIDIA Rubin and AMD MI400 chips. This has shifted Micron from a price-taker to a price-setter. Historically, memory companies struggled with low margins. However, the AI race has changed the script. Recent earnings reports from March 2026 show gross margins reaching a staggering 75%, with guidance pointing toward 81% for next quarter.
While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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