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Where Will Micron Stock Be in 3 Years?

TheMotleyFool 
0 0 09.07.26
Where Will Micron Stock Be in 3 Years?: https://g.foolcdn.com/editorial/images/878037/mu.png
 

Micron Technology (NASDAQ: MU) has been one of the best-performing stocks in the artificial intelligence (AI) space. Over the last year, it has risen by more than 680%, even factoring in a pullback in recent days.

Nonetheless, memory was historically a highly commoditized product, with prices governed largely by the laws of supply and demand. When the tech sector needed more than producers could supply, memory prices surged. When those manufacturers built more foundries and supply surpassed demand, prices experienced steep declines. That cycle has repeated many times.

Knowing that, should investors worry about that occurring in the next three years, or can they still expect to win with this semiconductor stock over that time frame?

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Source Fool.com

Micron Technology Inc. Stock

€817.30
0.530%
The Micron Technology Inc. stock is trending slightly upwards today, with an increase of €4.30 (0.530%) compared to yesterday's price.
With 159 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 1294 € there is a hugely positive potential of 58.33% for Micron Technology Inc. compared to the current price of 817.3 €.
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