Why Micron Rose 13% in the First Half of 2021
Shares of Micron Technology (NASDAQ: MU) rose 13% in the first half of 2021, according to data from S&P Global Market Intelligence. Micron is one of the world's three DRAM manufacturers, and one of only six producers of NAND flash. Both types of memory saw rising prices in the first half of 2021, bringing Micron's stock along with it.
Yet unlike some other less-cyclical semiconductor companies, Micron had been much higher on the year before selling off recently. Has the cycle peaked, or is the recent dip a buying opportunity?
Increased automation drove memory demand in the first half of the year. Image source: Getty Images.
Source Fool.com