Better Buy: Micron Technology vs. II-VI
It's no secret that we are in a semiconductor shortage. The pandemic accelerated the already-present trends of 5G, artificial intelligence, cloud computing, and automation across industrial factories and autos. That means booming demand not only for proprietary chips, but also the makers of components that support these chips and intelligent machines.
Component companies are related to semiconductors but are really more like industrial stocks or even commodities, which should also do well in this strong, reflating economy. Two industrial-tech leaders are Micron Technology (NASDAQ: MU) and II-VI (NASDAQ: IIVI). This is the type of environment in which these types of companies should do well, yet both are well off this year's highs. That could be a big opportunity -- but which is the better buy at this moment?
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Source Fool.com
