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best stocksThe Motley Fool
•78% Informative
Micron Technology ( NASDAQ : MU ) is one to consider.
Micron makes the world's leading HBM3E ( HBM stands for high-bandwidth memory) Micron is catching a tailwind from AI .
Nvidia isn't the only chipmaker reaping the rewards of AI , so investors might find better value in other stocks.
Wall Street expects Micron to deliver $ 9.06 in earnings per share in fiscal 2025 .
Micron 's HBM3E memory is a key component in many of Nvidia 's latest GPUs.
The iShares Semiconductor ETF trades at a P/E ratio of 35.9 today , implying Micron stock will have to more than double within the next year .
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