Micron Technology Inc. (NASDAQ:MU) is one of the stocks set to explode in the next 2 years. On July 9, Micron announced an investment of up to $3 billion aimed at strengthening the US semiconductor supply chain. This initiative is designed to secure a reliable domestic supply of critical manufacturing materials, enhance long-term planning flexibility, and support the rising demand for memory and storage solutions driven by artificial intelligence.

As part of this commitment, Micron Technology Inc. (NASDAQ:MU) will provide $500 million in financing to GlobalWafers to help advance its 300mm silicon wafer manufacturing facility in Sherman, Texas. The companies have also established a 10-year supply agreement, ensuring that Micron maintains consistent access to the raw materials necessary for its future technology roadmap and production goals.

Beyond this manufacturing expansion, both companies intend to collaborate on next-generation wafer technologies and process innovations to further support domestic infrastructure. The proposed transaction is currently subject to the completion of definitive agreements and standard closing conditions.

Micron Technology Inc. (NASDAQ:MU) provides memory and storage solutions sold into client, cloud server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and consumer markets, among others.

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.

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