The 1 Big Reason Why You Should Be Buying Micron Technology Stock

Micron Technology (NASDAQ: MU) has been flying high this year thanks to the booming demand and tight supplies of dynamic random access memory (DRAM) and NAND flash chips.

The favorable end-market conditions sent the memory specialist's revenue and earnings soaring in Q2. The good news is that Micron's momentum is unlikely to fade any time soon, and one of the reasons why that may be the case is because of the rapid growth in sales of 5G smartphones.

Let's take a closer look at how the transition to 5G is giving Micron a huge shot in the arm.

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Source Fool.com