Micron Just Delivered a Huge Fourth Quarter. 3 Reasons the AI Stock Can Move Higher.
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Memory-chip maker Micron (NASDAQ: MU) has historically been one of the most cyclical stocks in the chip sector. Memory is prone to boom and bust cycles as inventory levels and prices fluctuate according to supply and demand.However, Micron has been one of the best performers in the semiconductor sector this year, a sign that investors may be underrating its momentum and that of the memory segment in the AI boom. Micron and its peers make high-bandwidth memory (HBM) chips that are an essential component of AI, and that's a key reason the stock has doubled this year, outpacing better-known industry players like Nvidia and AMD. That strength and momentum were on display in Micron's fourth-quarter earnings report.After raising its guidance in August, the company topped both its updated guidance and analyst estimates.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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