Is Micron a Buy After Massive Earnings Topper?
It's easy to overlook the components that make our day-to-day technology function. For instance, I am writing this article on a program that isn't stored locally on my computer; it's in the cloud. The vast majority of software I use is like that. Online banking, payment processing, software, data storage, and a bushel of other functions run through the cloud, and the cloud runs through data centers. Artificial intelligence (AI) and machine learning (ML) exponentially increase processing and memory needs.
Hyperscalers, like Meta Platforms, , Microsoft, and Elon Musk's xAI, are building massive data centers that each house at least 5,000 cloud servers, all running 24/7. The recent explosion in the number of these larger centers is detailed below.
Image source: Statista.
Source Fool.com
Alphabet Inc. C Stock
Our community is currently high on Alphabet Inc. C with 66 Buy predictions and 5 Sell predictions.
With a target price of 367 € there is a positive potential of 23.2% for Alphabet Inc. C compared to the current price of 297.9 €.
