Micron Technology: 4 Reasons to Buy the 44% Price Dip
MUMicron Technology(MU) MarketBeat·2024-09-16 20:50

Memory chip maker Micron Technology Inc. NASDAQ: MU was the toast of the town when its stock was trading at $157.41 on June 18, 2024. The computer and technology sector leader was expected to be a huge benefactor of the artificial intelligence (AI) boom as it only made sense that its dynamic random access memory (DRAM) and NAND flash chips were a core component of AI infrastructure relying on massive amounts of data storage.However, sentiment has done a 180-degree reversal a mere 3 months later after a 44% ...