Micron Technology Stock: A Great Chip Pick (Not Named Nvidia)
MUMicron Technology(MU) investorplace.com·2024-05-23 18:25

The most obvious AI pick is Nvidia (NASDAQ:NVDA) but maybe it’s too obvious. For a less crowded trade, I encourage you to take a look at Micron Technology (NASDAQ:MU). I’ve previously set a $150 price target on Micron Technology stock and now, I expect it to reach that target fairly soon. The Semiconductor Industry Association Micron Technology estimates that U.S. chip-manufacturing capacity will triple by 2032. To seize this opportunity, it’s fine to own some Nvidia stock, but it’s smart to diversify your ...