Reported 8 months ago
Memory-chip maker Micron Technology's stock has surged 130% in the last year, driven by high demand for memory in AI, electric vehicles, and more. Despite the stock hitting record prices, it is not considered expensive with reasonable valuation ratios. Investors are advised to capitalize on Micron's strengths and long-term potential, with the company poised to benefit from ongoing market trends. While a downturn is expected in the future due to the cyclical nature of the industry, there is still potential for further gains.
Source: YAHOO