Reported 9 days ago
Micron Technology, a leader in memory and storage chips, is experiencing robust growth due to rising demand from the AI sector, with a significant revenue jump of 93% year-over-year in Q4 2024. Currently, its stock is down 21% from its all-time high, which presents a potential buying opportunity for investors. Micron's advanced memory solutions are crucial for data center GPUs, and the company expects continued strong performance, with projected earnings growth in fiscal 2025. Overall, now may be an advantageous time to invest as Micron is well-positioned to benefit from the expanding AI landscape.
Source: YAHOO