What Makes Micron Technology (MU) a Bullish Stock?

Chautauqua Capital Management, a division of Baird Asset Management, is a specialty investment firm that has released its third quarter 2025 investor letter for the Baird Chautauqua International and Global Growth Fund. A copy of the letter can be downloaded here. Global stock markets posted strong results in the third quarter, driven by the resolution of major trade disputes and a shift in US monetary policy towards a more dovish stance. The Baird Chautauqua International Growth Fund underperformed the benchmark, the MSCI ACWI ex-US Index – ND, during the quarter, due to stock selection in the information technology, financials and industrials sectors, which detracted the most from returns. The Baird Chautauqua Global Growth Fund also lagged its benchmark, the MSCI ACWI – ND, during the quarter, with stock selection in the Information Technology, Financials and Industrials sectors detracting the most from returns. Additionally, please see the fund’s top five holdings for its top picks in 2025.

In its third quarter 2025 investor letter, Baird Chautauqua International and Global Growth Fund highlighted stocks such as Micron Technology, Inc. (NASDAQ: MU). Micron Technology, Inc. (NASDAQ: MU) is a technology company that designs, develops, manufactures and distributes memory and storage products. Micron Technology, Inc. (NASDAQ:MU)’s one-month return was 25.93% and its shares have gained 226.82% of their value over the past 52 weeks. On December 31, 2025, Micron Technology, Inc. (NASDAQ: MU) stock closed at $285.41 per share with a market cap of $321.23 billion.

Baird Chautauqua International and Global Growth Fund stated the following regarding Micron Technology, Inc. (NASDAQ: MU) in its Q3 2025 Investor Letter:

“Micron Technology, Inc. (NASDAQ: MU) raised its fourth-quarter guidance for revenue, earnings and margins, reflecting improving pricing, particularly in the DRAM space. There is high demand in AI data centers for high-bandwidth memory, with CY26 capacity already fully exhausted. Forecasts for the next quarter are above consensus. »

Micron Technology, Inc. (NASDAQ: MU) is not on our list of the 30 most popular stocks among hedge funds. According to our database, 105 hedge fund portfolios held Micron Technology, Inc. (NASDAQ: MU) at the end of the third quarter, up from 94 in the previous quarter. In the first quarter of fiscal 2026, Micron Technology, Inc. (NASDAQ: MU) reported revenue of $13.6 billion, up 21% sequentially and 57% year-over-year. While we recognize the potential of Micron Technology, Inc. (NASDAQ: MU) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for a hugely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the reshoring trend, check out our free report on the best AI stock in the short term.