Why Did Micron Stock Bounce Back Today?
Micron (NASDAQ: MU) stock got caught in an epic sell-off last week as semiconductor chip stocks lost $1 trillion in market capitalization. Micron crashed 13.5% Friday -- but today it's bouncing back.
Shares of the computer memory specialist gained 6.9% through 10:20 a.m. ET Monday, and investors may have Nvidia (NASDAQ: NVDA) CEO Jensen Huang to thank for this. As StreetInsider.com reports, Huang says we are still just at "the outset of the AI revolution," which has more room to run.
Image source: Micron.
Source Fool.com
Micron Technology Inc. Stock
€745.20
3.340%
The stock is one of the favorites of our community with 159 Buy predictions and 1 Sell predictions.
As a result the target price of 1294 € shows a very positive potential of 73.64% compared to the current price of 745.2 € for Micron Technology Inc..
