TheBadPlaceYahoo Finance | After a Monster Run, Is Micron Still Worth Owning?
Micron Technology (NASDAQ: MU) has delivered one of the most explosive rallies in the semiconductor sector in recent months. Over the last year, Micron stock has soared 324% -- handily trouncing larger artificial intelligence (AI) chip peers like Nvidia, Advanced Micro Devices, Taiwan Semiconductor Manufacturing, and Broadcom.
The catalyst? Memory and storage are the new bottlenecks amid surging AI capacity demand. Yet after such a parabolic rise, smart investors are wondering whether Micron's growth wave still has room to run or if the stock has peaked and is already priced to perfection.
Micron's ascent was not fueled by vague hype narratives. Rather, the company plays a very specific, albeit increasingly important, role in the AI chip value chain. Model training clusters built around graphics processing units (GPUs) and AI accelerators require massive volumes of ultra-fast memory layered alongside general-purpose chip processors. Concurrently, hyperscalers are doubling down on inference servers and high-capacity solid-state drives (SSDs) to store their vast libraries of training data.
Read more: https://finance.yahoo.com/markets/stocks/articles/monster-run-micron-still-worth-100500160.html
