Could Micron Technology Become the Next Nvidia?
Nvidia (NASDAQ: NVDA) has been one of the market's hottest chip stocks. The chipmaker was originally known for making gaming GPUs, but the rapid expansion of the artificial intelligence (AI) market over the past few years drove more companies to purchase its high-end data center GPUs to process complex AI tasks.
Nvidia's rally of more than 2,000% over the past five years boosted its market cap to $2.4 trillion and minted a lot of millionaires. But it's also driving more investors to search for the next big chipmaker that could follow Nvidia's footsteps.
Image source: Micron.
Source Fool.com
Micron Technology Inc. Stock
€84.94
-9.660%
The stock is one of the favorites of our community with 94 Buy predictions and 4 Sell predictions.
As a result the target price of 110 € shows a positive potential of 29.5% compared to the current price of 84.94 € for Micron Technology Inc..
