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A Top Growth Stock You Don't Want to Miss

TheMotleyFool

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A Top Growth Stock You Don't Want to Miss

Micron Technology (NASDAQ: MU) has staged a terrific comeback in 2020 after starting the year on its back foot. The computer memory specialist struggled with unfavorable demand/supply dynamics in 2019 that tanked its price, and the novel coronavirus added more uncertainty into the mix earlier this year.

But Micron's latest quarterly results are proof that its turnaround is officially complete. The chipmaker crushed Wall Street's fiscal 2020 third-quarter expectations and delivered even better guidance, which is impressive considering that spot memory prices have weakened lately. But with Micron stock now up nearly 25% since April, will it be a good idea to go long? Let's find out.