"mu yahoo finance" comparative charts show MU outperforming the SOX index by 4% YTD, with gains driven by revenue beats and positive AI-driven sentiment in semiconductors. Overall, MU ranks 7th on our list of best innovative stocks to invest in according to hedge funds. While we acknowledge the potential of MU to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock . The firm stated that although this multiple is at the higher end of its range for the value of memory vendors during peak cycles, its gross margin projections for both DRAM and NAND memory products are still far lower than the cyclical high of 2018.