Micron Technology, Inc. (NASDAQ:MU) has been identified as one of the most affordable stocks in the artificial intelligence (AI) data center sector, according to a recent report by Bloomberg. On March 18, 2026, a portfolio manager at Gabelli Funds highlighted Micron as a potentially attractive investment opportunity, citing the company's current valuation as a compelling reason to invest in the growing demand for AI data center infrastructure.

The AI sector is experiencing rapid expansion, driven by advancements in machine learning, cloud computing, and data analytics. Data centers are the backbone of this growth, requiring significant investments in memory and storage solutions – areas where Micron specializes. As a leading global provider of memory and storage solutions, including DRAM and NAND flash memory, Micron is well-positioned to capitalize on the growing demand for AI workloads, enabling faster processing speeds and increased data capacity.

While the report identifies Micron as one of the "cheapest" options, potential investors should conduct thorough due diligence and consider all relevant factors before making any investment decisions. Market conditions, company performance, and broader economic trends can all influence stock prices. The specific details of Gabelli Funds' investment strategy and rationale were not further elaborated upon in the Bloomberg report, but Micron's position in the memory market, combined with the projected growth of the AI data center market, contributes to the investment thesis outlined by the Gabelli Funds portfolio manager.