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Demand is exploding for Micron's high-bandwidth memory, thanks to artificial intelligence.
Memory chip manufacturer Micron Technology, Inc. (NASDAQ:MU) is one of the hottest stocks in the AI era. The shares are up by a whopping 690% over the past year and by 143% year-to-date.
Memory has gone from commodity to strategic asset, and Micron Technology (NASDAQ:MU | MU Price Prediction) has been the biggest beneficiary on the public markets. Shares have rocketed 828.56% over the past year,
The memory stock has achieved incredible gains, and its valuation may still not look all that expensive when factoring in its near-term growth prospects.
Micron Technology, Inc. (NASDAQ:MU) is one of the Top 10 Stocks That Will Profit from AI. The company is also one of the three major global memory manufacturers of High Bandwidth Memory (HBM3E), a critical component for the world’s most powerful AI GPUs.
Micron Technology remains undervalued despite explosive earnings growth and a pivotal role in the AI/data center supply chain. Read more on MU stock here.
Micron (MU) stock erased nearly $100B in value before rebounding sharply. A director sold $1.57M in shares days before the volatile session. Full analysis.