Reported about 2 months ago
Micron Technology's stock has recently dropped nearly 30%, despite notable growth in 2024. This presents a favorable opportunity for investors as the demand for memory chips, particularly high-bandwidth memory for artificial intelligence applications, is expected to significantly increase. Analysts predict that Micron will continue to grow, with a potential revenue increase of 61% this year alone, positioning the stock as a strong buy given its current undervaluation compared to the market.
Source: YAHOO