Trade of the Day: Micron (MU) Stock May Rise on AI Fever
MUMicron Technology(MU) InvestorPlace·2024-04-04 20:25

With Wall Street going wild for anything remotely associated with artificial intelligence, it’s time to add another name to the list: computer memory and storage products specialist Micron (NASDAQ:MU). While it’s not delivering the performance of Nvidia (NASDAQ:NVDA) or Super Micro Computer (NASDAQ:SMCI), MU stock has been a hot commodity, gaining over 55% year to date. It could get even hotter. Recently, Bank of America Securities analyst Vivek Arya assigned a “buy” rating on MU stock along with a price ta ...