Micron Technology Stock Remains a Buy Amid Global Chip Shortage
Memory chips are an important element of semiconductor manufacturing. They're a commodity, which means pricing is highly reliant on supply and demand, but also a proxy for the direction of the semiconductor industry overall since they're used in the construction of more complex computing systems.
Micron Technology (NASDAQ: MU) is one of the leaders in this realm of the electronics world, and it reported an excellent Q2 fiscal 2022 (the three-month period ended March 3, 2022). Micron itself still looks like an undervalued stock amid a global chip shortage, and the global imbalance between limited chip supplies and rising demand indicates that this deficit will likely persist for some time still.
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Source Fool.com