Why Micron Technology Rocketed 54.1% in the First Half of 2024
Micron Technology(MU) The Motley Fool·2024-07-14 21:06
Micron began getting credit for its AI upside as the memory cycle turned up.Shares of Micron Technology (MU 2.55%) rallied 54.1% in the first half of 2024, according to data from S&P Global Market Intelligence.The memory chipmaker, which is the only U.S.-based producer of DRAM memory chips and one of two U.S.-based producers of NAND flash memory, rallied on optimism for AI-fueled growth.Most importantly, Micron began ramping up production of its third-generation high-bandwidth memory (HBM3E) during the firs ...