memory giant’s stock faces AI boom and supply risks By Investing.com
Micron Technology, Inc. (NASDAQ:), a $116.5 billion market cap leader in memory and storage solutions, is navigating a complex landscape of opportunities and challenges as the semiconductor industry undergoes significant transformations. According to InvestingPro data, the company has demonstrated robust growth with revenue increasing 61.6% over the last twelve months, positioning itself as a prominent player in the Semiconductors & Semiconductor Equipment industry. The company’s fortunes are closely tied to the dynamics of the DRAM and NAND markets, as well as emerging technologies like High Bandwidth (NASDAQ:) Memory (HBM) that are crucial for artificial intelligence (AI) applications.
