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. Stock
€360.05
-0.040%
The stock is one of the favorites of our community with 144 Buy predictions and 1 Sell predictions.
As a result the target price of 425 € shows a slightly positive potential of 18.04% compared to the current price of 360.05 € for Micron Technology Inc..
