Is Micron the New Nvidia?
For the last three years, discussions around artificial intelligence (AI) chips have mainly revolved around Nvidia (NASDAQ: NVDA). Nvidia's Hopper, Blackwell, and upcoming Rubin graphics processing unit (GPU) architectures serve as a core hardware foundation on which generative AI applications are designed.
But over the last several months, another semiconductor stock has come into focus. Let's dig into why Wall Street's new favorite AI chip stock is Micron Technology (NASDAQ: MU), and explore why the company could be following in Nvidia's footsteps.
Image source: Micron Technology.
Source Fool.com
Micron Technology Inc. Stock
€359.80
0.730%
With 137 Buy predictions and not a single Sell prediction Micron Technology Inc. is an absolute favorite of our community.
With a target price of 386 € there is a slightly positive potential of 7.28% for Micron Technology Inc. compared to the current price of 359.8 €.
