Micron Technology or NVIDIA: Which One to Buy Right Now?
NVIDIA (NASDAQ: NVDA) shares have more than doubled so far in 2020 thanks to strong momentum in the graphics specialist's video gaming and data center businesses, but Micron Technology (NASDAQ: MU) has been witnessing tough times, as there seems to be uncertainty about the memory industry's dynamics.
Micron's lukewarm guidance for the forthcoming quarters has spooked investors of late. NVIDIA, on the other hand, is promising better times ahead on the back of new products and lucrative opportunities in fast-growing markets. However, not all investors will like NVIDIA stock right now because of its rich valuation. Micron's valuation is reasonable in comparison, but does that make it a better bet over NVIDIA?
Let's find out.
Source Fool.com
