If you’re looking for tomorrow’s investment winners, the technology sector is one of the best places to start. It has spawned many market-stunning stocks over the past few decades, and artificial intelligence (AI) is a huge opportunity that could create massive wealth for investors in the years to come.
Here are two tech stocks ripe for the picking in November.
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Shares of Micron technology (NASDAQ:MU) rose to a high of $157 earlier this year before rebounding to around $100 at the time of this writing. That dip has made the stock’s valuation even more attractive, as the most recent earnings report continued to show rising demand from data centers for the company’s high-capacity memory products.
Micron has seen a sharp recovery in its revenue over the past year. In the fourth quarter of 2024 ended August 29, revenue increased 93% year over year, showing that the company’s growth is accelerating. Strong demand developments are driving margins higher, meaning Micron’s earnings per share have more than doubled compared to the same quarter last year.
Profits should continue to grow as Micron shifts more production to higher-margin products such as high-bandwidth memory, where demand is expected to rise in the new year. Management sees demand coming from AI and traditional servers, indicating broad strength in the data center market.
Micron is ramping up production as much as possible to meet demand, as supply is the main factor limiting sales. This will significantly benefit the company’s margins. On average, Wall Street analysts currently expect Micron’s adjusted earnings per share to rise from $1.30 in fiscal 2024 to $8.93 in fiscal 2025, according to Yahoo Finance.
In light of these trends, the stock’s valuation looks attractive, at just eleven times next year’s earnings. Compared to the expected results for the fiscal year 2026, the stock has an even cheaper price-to-earnings ratio (P/E) of 8. Micron shareholders are looking at potentially substantial upside in the coming years.
HubSpot (NYSE: HUBS) provides an easy-to-use platform for small businesses to manage services, marketing and sales. It has achieved robust growth in recent years and delivered phenomenal returns for its investors. The stock is up 18% since the company reported its third-quarter results in early November.
Revenue grew 20% on a constant currency basis in the third quarter, driven by net 10,000 new customers – bringing the total number of customers to 238,000 – and continued spending from established customers. It reported strong customer interest in new AI features, such as a new Copilot assistant, which is currently in beta testing.
