Micron suddenly a hot AI stock, ‘not hype,’ Barron’s says

In yet another feat of digital alchemy, artificial intelligence has transformed the memory chip producer Micron Technology into a rip-roaring growth stock, Eric J. Savitz writes in this week’s edition of Barron’s. Already trading at an all-time high and up 29% year to date, Micron is one of the market’s best and least appreciated long-term plays on the AI trend, the author adds. Even better, the stock is still cheap-just how cheap we’ll get to in a minute. But let’s be clear: Micron has always been a challenging company to value, the publication notes.