Forget Micron Stock at $920 Per Share. Buy This Memory-Focused Artificial Intelligence (AI) ETF Instead
Scott Levine, The Motley Fool
Tue, July 28, 2026 at 3:12 PM GMT+5:30
4 min read
- MU
-2.25% - NVDA
-4.99%
Whether it’s the fact that buying an individual share is stretching your purse strings or the belief that shares are poised to plunge after their recent rise, investors may recognize the allure of owning MicronTechnology (NASDAQ: MU) stock but have reasons for not investing in it right now
But buying individual shares of Micron isn’t the only route to gain exposure to the memory leader. There’s actually an exchange-traded fund that targets leading memory stocks — including Micron — available right now for only about $50 a share
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Without sufficient memory, AI computing can’t flourish
Enthusiasm for memory stocks, however, is a more recent phenomenon. As investors have gained greater insight into the industry, they’ve learned that GPUs are essential to AI computing, yet they can’t perform at optimal levels without sufficient memory. This knowledge has contributed to Micron’s stock rocketing 671% higher over the past year
Investors don’t have to rely on their intuition about the memory industry’s likely growth in the coming years. Business intelligence firm Fortune Business Insights projects that the global semiconductor memory market will soar from a projected $190 billion in 2026 to $448 billion in 2034
This memory ETF provides Micron exposure — and much, much more
While Micron stock is down about 30% from its 52-week high of $1,255, it’s still trading above $875 per share. It’s not merely the sticker price of Micron stock that may make it undesirable for some investors. Shares are trading at a steep premium to their historical valuation. Currently, Micron stock is changing hands at 17.3 times operating cash flow — a loftier valuation than its five-year average cash flow multiple of 8.1
Recognizing the critical role that memory companies play in the development of AI infrastructure, Roundhill Financial launched the Roundhill Memory ETF (NYSEMKT: DRAM) in April 2026 to provide investors with comprehensive exposure to global leaders in memory solutions
