1 Green Flag for Micron Technology in 2022, and 1 Red Flag
Micron Technology (NASDAQ: MU) stock is carrying impressive momentum into 2022, thanks to the memory specialist's outstanding fiscal 2022 first-quarter results, released on Dec. 20.
The chipmaker reported robust top- and bottom-line growth, while its second-quarter guidance was also better than what Wall Street was looking for. This led to a surge in Micron's stock following its quarterly report, as the company indicated that there's a healthy demand for memory chips from several verticals, and vanquished any concerns about a memory supply glut.
The health of the memory market will be a major green flag for Micron in 2022. Let's see why.
Source Fool.com
