Zacks Names Micron and Teradyne Among Top Profitable Tech Picks for June

Key Facts

As investors look to capitalize on the ongoing semiconductor and AI expansion, Zacks.com has identified Micron Technology, Credo Technology, and Teradyne as top stock picks for June. This selection is driven by high profitability ratios and significant earnings growth potential within the tech sector. According to the analyst report, Micron is projected to see an annual earnings growth rate of 619.8%, while Credo and Teradyne are expected to grow by 371.4% and 79% respectively.

This bullish outlook aligns with broader sector trends where high-bandwidth memory (HBM) demand remains a primary catalyst. For context, peer giant Nvidia recently reported a 262% year-over-year revenue surge in its latest quarterly results, according to official earnings filings, validating the aggressive growth targets set for firms like Micron. Market data indicates that Teradyne is also capturing value through the increased need for automated testing in advanced chip manufacturing.

Traders should watch current price levels closely, with MU closing at $130.40 and TER at $122.15 (as of June 2, 2026). Looking ahead, market sentiment may be influenced by upcoming US employment data and Federal Reserve commentary, which could impact the valuation of high-growth technology stocks in the near term.