Micron Just Gave Another Green Flag for the AI Stock Race
MUMicron Technology(MU) The Motley Fool·2024-07-09 19:21

The memory chipmaker stock has been soaring as demand keeps rising.Micron Technology's (MU -0.60%) stock has been on an epic 160%-plus run since the beginning of 2023. The semiconductor bear market is coming to an end, and in addition to industrywide growth getting ready for the next run higher, demand for accelerated computing and artificial intelligence (AI, thanks Nvidia (NVDA 1.88%)) continues to ratchet up, too.Nevertheless, investors grew slightly cautious following Micron's third-quarter fiscal year ...