Should You Buy Micron Stock After the Dip? Wall Street Has a Clear Answer for Investors.
Micron Technology(MU) The Motley Fool·2024-11-16 22:30
Micron may prove to be a solid pick in the coming months.Micron Technology (MU -2.86%) stock surged nearly 80% in early 2024 and reached an all-time high of $153.14 on solid adoption of its high-performance memory products in the data economy. Despite this success, the stock is currently down by almost 32% from those highs.Investors were disappointed with the company's fiscal 2024 third-quarter results (ended May 30), especially AI sales which fell short of lofty expectations. Furthermore, geopolitical and ...