Better Buy: Micron Technology vs. Western Digital
Back in February, I compared Micron (NASDAQ: MU) and Western Digital (NASDAQ: WDC), two of the world's leading manufacturers of memory chips and data storage devices. At the time, I declared that Micron's clearer path toward a long-term recovery made it a better investment.
However, Micron's stock price has declined more than 25% since I made that call. Western Digital fared slightly better with a price decline of nearly 20%.
Did I overestimate Micron's ability to outperform the market as the global chip shortage intensified? Let's take a fresh look at Micron and WD to see if either out-of-favor tech stock is still worth buying today.
Source Fool.com
