1 Semiconductor Stock to Buy Hand Over Fist After Micron Technology's Stellar Report
MUMicron Technology(MU) The Motley Fool·2024-03-31 02:02

Micron Technology (MU -1.04%) wowed investors last week with an outstanding set of results for the second quarter of its fiscal 2024, reporting a massive jump in its revenue and a surprise profit, and this sent shares of the memory specialist soaring. The chipmaker benefited from a jump in demand for memory chipsr. As a result, its revenue increased a massive 58% year over year to $5.8 billion. Micron is anticipating stronger year-over-year growth of 76% in its top line in the current quarter, driven by inc ...