Asset manager ClearBridge Investments revealed several portfolio changes for the second quarter, starting a new position in Micron (MU) while trimming its holdings in Microsoft (MSFT) and Amazon (AMZN). The firm also exited Intuit (INTU), saying artificial intelligence could weaken parts of the company’s tax business.
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High conviction AMZN bears now have this Tradr ETFClearBridge continues to see AI infrastructure as a key growth driver in the second half of 2026. Along with Micron, the firm also increased its holdings in Alphabet (GOOGL), Arista Networks (ANET), Blackstone (BX), and Tesla (TSLA).
Why ClearBridge Chose Micron
ClearBridge called Micron a “strategic, differentiated” AI investment. The firm said AI data centers need much more memory than traditional computing systems, creating a strong demand outlook for memory chips.
The move comes as memory stocks face a sharp pullback. Micron shares have fallen more than 17% over the past five trading days after strong preliminary results from Samsung Electronics (SSNLF) failed to lift the sector. Rising concerns over AI spending and SK Hynix’s (HXSCL) planned U.S. listing also weighed on sentiment.
Despite the recent selloff, Wall Street remains upbeat on Micron. Morgan Stanley analyst Shawn Kim recently called the pullback a “necessary reset” rather than the end of the memory cycle. Also, Bank of America analyst Vivek Arya reiterated his Buy rating, saying concerns about memory pricing and oversupply are overdone.
What Does Wall Street Think of These Stocks?
We used the TipRanks Stock Comparison Tool to compare these stocks.
Analysts are most bullish on Micron, Microsoft, Amazon, Alphabet, and Arista Networks, with all five carrying Strong Buy consensus ratings. Micron offers the highest upside potential at about 67%, followed by Intuit at 59%, Microsoft at 45%, Amazon at 30%, and Blackstone at 22%.
Meanwhile, Intuit and Blackstone have Moderate Buy ratings, while Tesla is rated Hold.
