Where Will Micron Stock Be in 1 Year?
Investors have faced considerable difficulty owning Micron Technology (NASDAQ: MU). As one of the few makers of DRAM and NAND memory, the company has played a crucial support role in running semiconductor-powered hardware and ensuring the smooth function of software applications.
The semiconductor industry is also well known for its cyclicality, and the memory chip industry has experienced the most volatility. However, despite these extreme movements, Micron appears set to move higher over the next year. Here's why.
The investment case for Micron has changed because of the cloud and artificial intelligence (AI). These technologies have led to a sustained increase in the demand for digital memory.
Source Fool.com
Micron Technology Inc. Stock
€841.10
2.080%
The stock is one of the favorites of our community with 161 Buy predictions and 1 Sell predictions.
As a result the target price of 1294 € shows a very positive potential of 53.85% compared to the current price of 841.1 € for Micron Technology Inc..
