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We recently published a list of 10 Hottest Mega-Cap Stocks So Far in 2025. In this article, we are going to take a look at where Micron Technology (NASDAQ:MU) stands against other hottest mega-cap stocks so far in 2025.
Many mega-cap stocks have started 2025 with a bang and we’ll be taking a closer look into each of them to learn why they’ve performed so well already.
If you skim the trends in the past two years, it should be clear that it’s worthwhile to look into mega-cap stocks that have gained a lot already. Investors who defied the conventional wisdom and doubled down on the mega-cap stocks last year have outperformed the benchmark index by a wide margin.
We used a stock screener and sorted public companies — those tagged by the screener as trading in the U.S. — with a market capitalization above $100 billion by their year-to-date (YTD) gains.
Will lightning strike again this year and take these stocks even higher by the end of 2025? It’s not rational to paint all these companies with the same brush, so let’s dive into the nitty gritty of each mega-cap stock in this list.
A close-up view of a computer motherboard with integrated semiconductor chips.
Micron Technology (MU)
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YTD Total Return: 16.15%
It shouldn’t be a big surprise that the first stock in this list is a semiconductor company. Micron Technology (NASDAQ:MU) makes memory and storage semiconductors. MU stock is mostly on this list because of a recovery.
This stock has been trading around the $100 (±$15) level since October 2024. It started declining in mid-December and ended the year at $84.16. That’s because management’s fiscal second-quarter forecast fell short of Wall Street’s estimates.
However, expectations improved markedly around AI spending and the long-term potential of Micron Technology (MU) here. Analysts point to the company’s investments in cutting-edge DRAM and NAND solutions as reasons that MU stock quickly recaptured ground in early 2025. In other words, while Micron’s near-term performance faced headwinds from consumer electronics softness and a mismatch in memory chip supply and demand, the bigger AI-driven picture appears to have injected fresh confidence. The result is a share price that consolidated in the $90 to $105 corridor through January.
Overall, MU ranks 1st on our list of hottest mega-cap stocks so far in 2025. While we acknowledge the potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.