Newmont Stock Is Interesting, but Here's What I'd Buy Instead

• Newmont crushed the S&P 500 successful 2025 acknowledgment to rising golden prices, but it has inactive underperformed the benchmark implicit the past 5 years.

• Investors whitethorn bash amended by putting their currency successful Micron, possibly the astir undervalued AI banal successful the full banal market.

• A bargain-basement valuation combined with important gross acceleration for its Cloud Memory Business Unit marque Micron a beardown bargain astatine existent levels.

• 10 stocks we similar amended than Micron Technology ›

Newmont (NYSE: NEM) is the largest golden miner successful the satellite with sites successful the Americas, Australia, Africa, and Asia. The company's fiscal results thin heavy connected golden prices, and since golden had its champion twelvemonth successful implicit 4 decades, Newmont banal followed suit.

The golden miner's shares surged by much than 160% successful 2025. However, golden miners don't ever bask those types of rallies and tin underperform the precious metals that they accumulate. For instance, Newmont lone delivered a 69% instrumentality implicit the past 5 years, which lags golden and the S&P 500 during that time.

While past twelvemonth was a beardown twelvemonth for the miner, determination is nary warrant that 2026 volition clasp the aforesaid success. It is imaginable for Newmont to underperform adjacent if golden prices proceed to spell up.

Investors whitethorn privation to displacement their attraction to AI stocks instead, and Micron (NASDAQ: MU) looks similar a beardown lawsuit for investors who privation to triple their wealth wrong the adjacent 5 years. Here's what makes the AI play compelling.

Micron didn't get arsenic overmuch emotion arsenic different AI stocks similar Nvidia and Broadcom, but the tide is changing quickly. The institution produces high-bandwidth representation and retention solutions that are captious for AI chips to clasp data.

More investors person been connecting the dots, and that resulted successful Micron banal much than tripling successful 2025. Despite those awesome gains, Micron inactive remains importantly undervalued owed to its 9 guardant P/E ratio. The banal besides has a 0.50 PEG ratio, further demonstrating however undervalued it is. A banal is typically considered undervalued if it has a PEG ratio beneath 1, and this ratio considers a company's fiscal maturation rates, not conscionable its terms and caller earnings.

Many tech companies person committed to higher AI spending successful 2026. That means much AI chips, and each of those chips needs Micron's exertion to store representation and relation nether aggravated workloads. Micron isn't the lone rival successful this industry, but it is 1 of the leaders successful the industry.

Being a captious institution successful the AI manufacture doesn't warrant soaring revenue. However, Micron has been silently delivering results without arsenic overmuch fanfare arsenic the trillion-dollar tech giants.