Interested in Micron Technology (MU)? Here are 2 More Stocks Like It

Micron Technology (NASDAQ: MU) has had a great year, with a +347.76% share price increase over the last year, all the attention in the world, and showcasing no signs of stopping. 

And while there are the usual reports of analysts wondering when the ride will end, it still gets top marks, with a Zen Rating of A and great Component Grades across the board. Note that our Zen Ratings system helps to pick out the top stocks with a system of 115 carefully selected factors, and that stocks with an A rating have an average annual return of +32.52%

So growth is still in the cards for MU, and our system still generally recommends it, but it’s not the only stock on the block. It’s not even the only excellent semiconductor industry stock that gets top marks. If you want to consider something different, or are worried the hype around MU is too much, consider the following two A-rated stocks instead:

1. Chipmos Technologies (NASDAQ: IMOS)

Headquartered in Taiwan and a key player in the semiconductor market, IMOS is a semiconductor researcher, developer, manufacturer, and seller of high-precision integrated circuits. Used in most key electronics you can think of, IMOS has its products in high demand (much like MU), and there is no reason to believe this will change in the near future.

And despite current market trends, it still has growth potential and strong momentum. And, interestingly, it also has a Component Grade of A for AI, indicating that our AI algorithm has identified trends and patterns suggesting superior future results. Investors will want to watch the semiconductor market, potential geopolitical changes involving Taiwan, and revenue growth in upcoming quarters.

2. Silicon Motion Technology (NASDAQ: SIMO)

SIMO is a Hong Kong-based company primarily known for its NAND flash controllers for SSD devices. And while semiconductors get much of the attention, storage devices (SSDs in particular) can’t be ignored as well in today’s AI ecosystem, and are often seeing prices skyrocket. SIMO is currently trying to make the most of that, and its share price has increased by about 136.6% in the last year.

And while there have been some scares in the industry and the market in general has had some scares recently, SIMO marches on. And despite mostly C’s for Component Grades, it is overall above-average enough and has enough growth potential to be one of the top stocks we cover. Consider whether your portfolio might benefit not just from AI but also from AI-adjacent companies. 

Even with the strong options above, there are plenty more to investigate. There’s also your existing portfolio, potential options, and more. How do you keep track of it all? WallStreetZen Premium is the answer. It gives you an unlimited watchlist, all the fundamental information you need, access to premium stock ideas pages, and more.

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