Micron Revenue Surges 379%: 4 Top AI Chip Stocks (NASDAQ:MU)

Summary

- Micron’s Q4 results put the memory chip giant back in focus after the summer AI stock selloff.

- The company smashed records once again, with revenue up 379% year over year and an 87% gross margin that underscores the pricing power behind its dominant position in memory.

- MU was flagged early by the Quant system and has delivered triple-digit returns for both Alpha Picks and the PRO Quant portfolio since its addition.

- SA Quant has identified three additional semiconductor stocks with similarly powerful Quant narratives.

- I am Steven Cress, Head of Quantitative Strategies at Seeking Alpha. I manage the quant ratings and factor grades on stocks and ETFs in Seeking Alpha Premium. I also lead Alpha Picks, which selects the two most attractive stocks to buy each month, and also determines when to sell them.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU, SNDK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given that any particular security, portfolio, transaction or investment strategy is suitable for any specific person. The author is not advising you personally concerning the nature, potential, value or suitability of any particular security or other matter. You alone are solely responsible for determining whether any investment, security or strategy, or any product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. Steven Cress is the Head of Quantitative Strategy at Seeking Alpha. Any views or opinions expressed herein may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.