Micron Signals the Next Up-Cycle for Memory Chips Is Well Underway

Micron Technology (NASDAQ: MU) CEO Sanjay Mehrota said on the company's fiscal 2020 fourth-quarter earnings call this week that "COVID-19 presented a real-life stress test of the new Micron's resilience."

Based on the results of the latest earnings report, Micron passed.

Unlike in many times past, the memory chip manufacturer remained profitable during its last downturn, and the next up-cycle is underway. There's still time to jump aboard.  

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Source Fool.com