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Micron Stock Has Surged 637% in a Year. History Has a Clear Answer Where It Will Be in 2027
The exponential growth in earnings registered by Micron Technology (NASDAQ: MU) over the past year has translated into solid gains on the stock market, with shares of the memory giant up by a whopping 637% during this period.
The incredible demand for memory and the accompanying shortage of dynamic random-access memory (DRAM) and NAND flash storage have fueled the company's remarkable surge. Micron stock has benefited from a parabolic jump in memory prices. You may now be wondering if this high-flying chipmaker can continue skyrocketing.
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Micron Stock: Buy When There's Blood In The Streets (Rating Upgrade)
Micron Technology (MU) shares are taking a beating over the last month as the market re-evaluates memory stock valuations. Despite the sell-off, I remain bullish about the company's outlook and think investors should consider pouncing
Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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