1 Top Chip Stock That Could Soar in 2024
LRCXLam Research(LRCX) The Motley Fool·2023-12-25 15:25

The market has been pleased with top memory chipmaker Micron Technology's (MU 1.18%) mounting comeback. Memory chip inventories skyrocketed in 2022 as PC and smartphone sales dropped and Micron's customers pared back spending to manage their cash during the downturn. However, as the generative AI hype has developed into a full-fledged industry with massive growth potential, demand for bleeding-edge memory has ratcheted back up. In anticipation of a multi-year run-up for Micron's sales, especially for AI app ...