The Magnificent Seven are some of the most dominant and profitable businesses in the world. But these stocks command high valuations and multitrillion-dollar market caps. Investors looking for tomorrow's standout performers should look for more reasonably valued companies.

Micron Technology (NASDAQ: MU) and Tencent (OTC: TCEHY) are two leading tech companies that are starting to see improving growth. Importantly, these two stocks trade at bargain price-to-earnings (P/E) ratios that could lead to superior returns over the next few years. Let's find out more about them.

Micron is a leading supplier of memory and solid-state storage solutions and is seeing a strong rebound in revenue and earnings. Investors anticipate a recovery, which helped push the stock up 91% over the last year. But the stock still trades at a low forward P/E that undervalues the tremendous demand starting to come from AI servers.

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Source Fool.com