Is It Too Late to Buy Micron Technology Stock?
Memory chip maker Micron Technology (NASDAQ: MU) has a hot hand right now. Micron's stock is trading near all-time highs, having gained 48% in 2024 and 93% in the last 52 weeks. The current artificial intelligence (AI) boom poured nitro on Micron's growth fires, boosting this stock chart into the stratosphere. Modern AI systems use a ton of memory and solid-state storage. As a leading supplier of those chips, that's good news for Micron and its shareholders.
Longtime shareholders can celebrate some game-changing long-term returns. The stock has more than doubled the S 500 index's gains over the last decade. But would this be a good time to start a new position in Micron?
Let's see how much room there is for further Micron gains at this point.
Source Fool.com
Micron Technology Inc. Stock
With 94 Buy predictions and 4 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 110 € there is a positive potential of 29.5% for Micron Technology Inc. compared to the current price of 84.94 €.
