Will Micron Be a Trillion-Dollar Company By 2030?
The AI boom has created plenty of winners, and one of the biggest ones has been Micron (NASDAQ: MU).
Despite a recent pullback, shares of the memory-chip leader have soared over the last six months as the company is benefiting from an epic supply crunch that has driven up prices for memory components used to run AI models like high-bandwidth memory (HBM). It's the same dynamic that has helped make Nvidia the most valuable company in the world. Demand for AI chips is outstripping supply, and that imbalance is unlikely to change soon.
Micron and its memory chip peers have pulled back over the last couple of weeks on the threat from Google's compression algorithm, TurboQuant, and fears that Micron stock had run too far too fast as shares fell even after it delivered blowout second-quarter results in March.
Source Fool.com
Micron Technology Inc. Stock
The stock is one of the favorites of our community with 143 Buy predictions and 1 Sell predictions.
As a result the target price of 387 € shows a positive potential of 21.89% compared to the current price of 317.5 € for Micron Technology Inc..
