Should You Buy Micron Stock After Its Monster Run?
Shares of Micron Technology (NASDAQ: MU) are up 182% year to date (as of Nov. 5). The company's memory chips, which are used in phones and computers, are an essential piece of the supply chain for artificial intelligence (AI) data centers.
While Micron operates in a historically cyclical industry, the long-term trend in serving the high-performance computing market could support more gains for investors, even from these highs.
Image source: Micron Technology.
Source Fool.com
Micron Technology Inc. Stock
€394.75
8.760%
The stock is one of the favorites of our community with 142 Buy predictions and 1 Sell predictions.
As a result the target price of 425 € shows a slightly positive potential of 7.66% compared to the current price of 394.75 € for Micron Technology Inc..
