Better Buy: Micron Technology, Inc. vs. Qualcomm Inc.

Better Buy: Micron Technology, Inc. vs. Qualcomm Inc.

Memory chipmaker Micron (NASDAQ: MU) outperformed mobile chipmaker Qualcomm (NASDAQ: QCOM) by a mile over the past 12 months. Micron rallied over 140% during that period, while Qualcomm gained just 3%.

Last October, I compared Micron to Qualcomm, and concluded that Micron had more growth potential. Unfortunately, I didn't take my own advice and buy any Micron shares. So today, I'll take a fresh look at both stocks to see if Micron remains the better buy at current prices.

Micron's offices in Boise, Idaho. Source: Micron.

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Source: Fool.com