Since the advent of generative AI a little more than a year ago, Micron Technology (NASDAQ: MU) has been in the spotlight. Excitement regarding Micron's future prospects has fueled impressive gains of 94% over the past year (as of this writing), putting the stock within striking distance of yet another all-time high.

The company is a leading supplier of memory (DRAM) and storage (NAND) chips that are essential components in AI processing, making it a beneficiary of these ongoing secular tailwinds.

This leaves investors with a dilemma. After notching 143% gains in roughly 15 months, is Micron Technology stock still a buy? Let's look to see what the evidence reveals.

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Source Fool.com