Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTRamish CheemaWed, June 24, 2026 at 9:03 PM GMT+2 2 min readWe recently published David Tepper Stock Portfolio: 10 Long-Term Stock Picks. Micron Technology, Inc. (NASDAQ:MU) is one of the long-term stock picks.Memory giant Micron Technology, Inc. (NASDAQ:MU) is a major position in Appaloosa Management's portfolio. It is also one of the oldest as the fund has held a position since the fourth quarter of 2010. After briefly not holding any stakes between 2011 and mid to late 2015, the fund has consistently held a stake in Micron Technology, Inc. (NASDAQ:MU)'s shares since the fourth quarter of 2016. This decision has proven to be fruitful as the average share price has jumped from $18.78 during Q4 2016 to a whopping $391 in Q1 2026. Appaloosa's latest stake in Micron Technology, Inc. (NASDAQ:MU) is worth a whopping $562 million.Micron Technology, Inc. (MU) Is One Of Billionaire David Tepper's Top AI Stocks Posonskyi Andrey/Shutterstock.comThe primary driver behind Micron Technology, Inc. (NASDAQ:MU)'s accelerating fortune is the shortage in the memory industry brought on by the demand from AI GPUs. On this front, the firm made a key announcement on June 10th when it selected its engineering partner for a leading-edge memory manufacturing facility in New York. Micron Technology, Inc. (NASDAQ:MU)'s fiscal second quarter earnings saw its revenue grow by 196% year-over-year to sit at $23.86 billion.While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info