Better Buy: Micron Technology vs. Qualcomm
Micron (NASDAQ: MU) and Qualcomm (NASDAQ: QCOM) both provide crucial chips for electronic devices. Micron is a leading producer of DRAM and NAND (flash) memory chips, and Qualcomm is the world's largest manufacturer of mobile chipsets and modems for smartphones.
I compared these two stocks a year ago, and declared Qualcomm's better-diversified business made it a better overall investment. Qualcomm's stock advanced about 45% after I wrote that article, but Micron's stock slipped nearly 10%. Let's look back at why Qualcomm outperformed Micron, and if that trend will continue throughout the rest of the year.
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Source Fool.com
