1. Micron Technology Inc. (NASDAQ:MU)
Micron Technology Inc. (NASDAQ: MU) claims the No. 1 spot among cheap stocks to buy for the next 10 years because it sits directly inside one of the most important investment themes in the market today: the explosion of artificial intelligence, high-performance computing, data center expansion, and memory demand. Trading at $803.63, Micron may not look cheap based on share price alone, but the bigger story is about earnings power, semiconductor cycle recovery, AI infrastructure demand, and the growing need for faster, denser, and more efficient memory. In the AI era, chips are not only about processors. Memory is becoming just as important because powerful AI systems need massive bandwidth, capacity, and energy efficiency to function at scale.
On May 12, Micron announced the sampling of its 256GB DDR5 RDIMM server modules, built on the company’s advanced 1-gamma DRAM technology. These modules can reach speeds of up to 9,200 MT/s, representing a 40% performance increase compared with current high-volume production units. For ordinary consumers, that may sound highly technical. But for data centers, hyperscale cloud operators, enterprise server architects, and AI infrastructure developers, this is exactly the kind of upgrade that matters. Faster and larger memory modules can help servers handle more demanding workloads, especially those tied to large language models, agentic AI, real-time inference, and high-performance computing.
The new 256GB DDR5 RDIMM modules use 3D stacking and through-silicon via, or TSV, packaging. This allows Micron to deliver higher capacity in a more efficient format. In the AI infrastructure race, performance is not the only issue. Power consumption and thermal management are becoming major constraints. Data centers already use enormous amounts of electricity, and AI workloads are increasing pressure on energy systems. That is why Micron’s claim that a single 256GB module can reduce operating power by more than 40% compared with using two 128GB modules is highly relevant. Lower power usage can help data center operators manage costs, improve efficiency, and fit more computing capability into strict thermal and power limits.
This is the kind of development that supports Micron’s long-term investment case. The AI boom has created massive demand for GPUs, accelerators, networking equipment, storage, and memory. But as models grow larger and workloads become more complex, memory bottlenecks can limit performance. High-core-count CPUs also need enough memory capacity and bandwidth to operate efficiently. Micron’s new modules are designed to bridge that gap, helping next-generation servers meet the needs of the data economy.
Micron is currently working with key ecosystem partners to validate the 256GB RDIMM modules across existing and upcoming server platforms. That co-validation process is important because enterprise customers need compatibility, reliability, and deployment confidence before adopting new memory technology at scale. Semiconductor innovation does not become commercially meaningful simply because a product is technically impressive. It becomes meaningful when server makers, cloud providers, and enterprise buyers can actually deploy it across large infrastructure environments.
Micron’s broader business also gives it exposure to several important end markets. The company provides memory and storage solutions for client devices, cloud servers, enterprise systems, graphics, networking, smartphones, mobile devices, automotive, industrial applications, and consumer markets. That diversification can be helpful, although Micron remains exposed to semiconductor cycles. Memory markets can be volatile, with pricing and demand shifting based on supply conditions, inventory levels, and macroeconomic cycles. Still, the AI-driven demand backdrop could give Micron a stronger long-term growth foundation than in past cycles.
For investors looking for semiconductor stocks, AI stocks, cheap tech stocks, and long-term growth stocks to buy, Micron stands out because memory is becoming a strategic piece of AI infrastructure. The market often focuses heavily on companies that design AI accelerators, but those systems need high-performance memory to reach their full potential. Without enough memory bandwidth and capacity, even the most advanced AI systems can face limitations. That makes Micron a direct beneficiary of the expansion in AI data centers, cloud computing, HPC systems, and enterprise AI workloads.
Over the next 10 years, Micron’s upside will depend on its ability to stay competitive in advanced DRAM, high-capacity server memory, storage solutions, and AI infrastructure supply chains. The company’s 256GB DDR5 RDIMM announcement shows that Micron is not just waiting for the AI wave to lift the sector. It is actively building products designed for the next stage of the market. For long-term investors, that is why MU deserves the No. 1 spot on this list. It combines cyclical recovery potential, AI infrastructure exposure, technical innovation, and growing relevance in the data center economy. In a market increasingly shaped by artificial intelligence, Micron may be one of the cheap stocks to buy for the next 10 years that investors should not overlook.
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Disclosure: No material interests to disclose. This article was originally published on Global Market Bulletin.
