Better Buy: Micron Technology vs. Lumentum

Lumentum (NASDAQ: LITE) and Micron Technology (NASDAQ: MU) both produce crucial components for a wide range of industries. Lumentum sells optical chips, and Micron is one of the world's leading memory chipmakers.

Both companies are driven by cyclical demand, but their stocks have trended higher through the peaks and troughs over the past decade. Lumentum's stock has rallied over 330%, while shares of Micron have advanced more than 150%.

Lumentum was clearly the stronger investment, but will it continue outperforming Micron over the next few years? Let's dig deeper to find out.

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Source Fool.com