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Has Micron Technology Become the New Nvidia?


In recent years, Nvidia (NASDAQ: NVDA) has been the hot growth stock that the market has been rallying around, determining the overall path forward. And as it has done well, so too has the S 500. The stock has been a lightning rod for growth investors, attracting plenty of investment dollars.

More recently, however, another big name in tech has been rising prominently, and that's Micron Technology (NASDAQ: MU). Not only has it been generating Nvidia-like returns of late, but there was also plenty of anticipation around its recent earnings results, as investors looked to the numbers to see whether the stock's impressive rally could continue. Is this a sign that Micron has become the new Nvidia, and that it's the new go-to investment for growth investors?

Image source: Getty Images.

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Source Fool.com

Micron Technology Inc. Aktie

764,90 €
-1,67 %
Mittlere Verluste bei Micron Technology Inc. heute, der Kurs fällt um -1,67 %.
Überwältigendes Buy-Interesse bei Micron Technology Inc., mit einer hohen Anzahl von Buy- und wenigen Sell-Einschätzungen.
Das Kursziel von 1297 € für Micron Technology Inc. bedeutet eine deutliche Steigerung von über 50% gegenüber dem aktuellen Kurs von 764.9 €.
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