How Micron Technology Stock Gained 30% Last Month
Shares of Micron Technology (NASDAQ: MU) rose 30.1% in March 2024, according to data from S&P Global Market Intelligence. Chiefly, the maker of computer memory chips reported stellar second-quarter results, inspiring a 14% jump in a single day.
Micron's report was a game-changer -- but it wasn't exactly a surprise.
Several analysts posted bullish reports and raised their second-quarter expectations before Micron posted its numbers. Micron's exposure to memory demand in the artificial intelligence (AI) market pointed to strong chip demand.
Source Fool.com
Micron Technology Inc. Stock
€100.80
1.580%
With 94 Buy predictions and 4 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 126 € there is a positive potential of 25.0% for Micron Technology Inc. compared to the current price of 100.8 €.
