Reported 5 months ago
Micron Technology stock has surged impressively in the past five years, outperforming the Nasdaq-100 Technology Sector index. The company's strong gains have been driven by the increasing demand for AI chips, with Micron aiming to capitalize on the AI market's growth by investing more in producing high-bandwidth memory (HBM) chips. The company's focus on the AI market, along with the expected rise in demand for AI-enabled smartphones and PCs, indicates a promising outlook for Micron's revenue and profits in the long term.
Source: YAHOO