Micron Technology (MU) – Among the 10 Best Reddit Stocks to Buy According to Billionaires

May 28, 2026 - 21:49

Micron Technology, Inc. (NASDAQ:MU) has landed a spot on a list of the 10 best Reddit stocks to buy according to billionaire investors. The memory chip maker has been drawing increased interest from both retail traders on social media and professional money managers on Wall Street.

On May 27, Barclays analyst Tom O'Malley raised his price target on Micron to $1,175 from $675. He kept an Overweight rating on the shares. The analyst noted that memory and storage remain the "most" compelling areas in the semiconductor space right now. The revised target reflects growing confidence in Micron's position as a key player in the memory market.

The company has been riding a wave of demand for high-bandwidth memory used in artificial intelligence data centers. Micron's HBM3E chips are already in production and have been adopted by major AI chipmakers. This has helped the stock gain traction among Reddit communities that focus on value and growth plays.

Billionaire hedge fund managers have also been adding to their positions. Recent 13F filings show several prominent investors increased their stakes in Micron during the first quarter. The combination of strong fundamentals and social media buzz has put MU on the radar for traders looking for momentum.

Micron faces competition from Samsung and SK Hynix, but its early lead in HBM3E production gives it an edge. The company is also benefiting from a recovery in the broader memory market after a downturn in 2023. With AI spending showing no signs of slowing, Micron appears well positioned for the near term.