Where Will Micron Stock Be in 3 Years?
Micron Technology (NASDAQ: MU) has been one of the best-performing stocks in the artificial intelligence (AI) space. Over the last year, it has risen by more than 680%, even factoring in a pullback in recent days.
Nonetheless, memory was historically a highly commoditized product, with prices governed largely by the laws of supply and demand. When the tech sector needed more than producers could supply, memory prices surged. When those manufacturers built more foundries and supply surpassed demand, prices experienced steep declines. That cycle has repeated many times.
Knowing that, should investors worry about that occurring in the next three years, or can they still expect to win with this semiconductor stock over that time frame?
Source Fool.com
Micron Technology Inc. Aktie
Starke Kaufneigung bei Micron Technology Inc., mit mehr Buy- als Sell-Einschätzungen.
Ein Kursziel von 1294 € für Micron Technology Inc. könnte zu einer Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 880.7 € führen.
