Will Micron Soar After June 24?
When you think about artificial intelligence (AI), the name Nvidia might be the first to come to mind. That's because the company designs one of the most crucial AI tools: the graphics processing unit (GPU), or the powerful chip that drives the training of models and AI's use across real-world problems.
But Nvidia isn't the only company that's offering a product critical to the development of AI. Another player that's in this category is Micron Technology (NASDAQ: MU), a maker of memory and storage solutions. Micron may not have attracted as much attention as Nvidia in the early days of the AI boom, but it's seen a similar growth pattern in recent quarters -- and like Nvidia, may continue to benefit as this AI story progresses.
The stock has been a big winner, gaining more than 200% this year alone. Now the question is, will Micron soar after a key event on June 24? Let's find out.
Source Fool.com
Micron Technology Inc. Stock
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 53.85% for Micron Technology Inc. compared to the current price of 841.1 €.
