Why Micron Stock Bounced Back Today
Easy go, easy come.
(NASDAQ: MU) stock got rocked yesterday by worries South Korea may pass a law imposing a windfall profits tax on the money Micron earns selling high-bandwidth memory (HBM) computer chips for use in artificial intelligence. Shares of the computer memory-maker closed the day 3.6% lower -- but on Wednesday they're bouncing right back, up 3.2% through 9:50 a.m.
Image source: Getty Images.
Source Fool.com
Micron Technology Inc. Stock
€714.50
-5.860%
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 81.11% compared to the current price of 714.5 € for Micron Technology Inc..
