How Much Higher Can Micron Stock Go?
Graphics processing units (GPUs) are the main data center chips used in artificial intelligence (AI) development. The best GPUs in the industry are supplied by Nvidia and Advanced Micro Devices, and both of those companies source an important component called high-bandwidth memory (HBM) from Micron Technology (NASDAQ: MU).
Micron's HBM solutions are fitted alongside advanced GPUs, where they keep data flowing seamlessly to unlock maximum processing speeds. The company is experiencing astronomical demand right now, which is driving a surge in its revenue and earnings. As a result, its stock has gained a whopping 323% over the last 12 months alone.
But can the blistering returns continue?
Source Fool.com
Micron Technology Inc. Aktie
387,20 €
0,17 %
Die Micron Technology Inc. Aktie ist im Trend: Deutlich mehr Buy- als Sell-Einschätzungen.
Mit einem Kursziel von 435 € für Micron Technology Inc. ist ein leichter Anstieg gegenüber dem aktuellen Kurs von 387.2 € zu erwarten.
