Micron positioned as potential outperformer among AI chip stocks

A recent investment outlook highlighted Micron Technology as a potential hypergrowth semiconductor stock that could outperform even Nvidia through 2030, driven by strong demand for memory chips used in AI data centers. Micron’s server growth forecast was raised to the high teens, and expansion in high-bandwidth and DRAM memory segments supports projected long-term earnings and revenue growth.

Indian IT services provider Coforge agreed to acquire US-based AI engineering firm Encora at an enterprise value of $2.35 billion, expanding its footprint in AI, cloud and data engineering services across the US and Latin America. Encora’s private equity backers will hold about a 20% stake in the combined company, expected to generate roughly $2 billion in annual revenues by March 2027.