Micron Technology (MU 2.03%) has been one of the best performers in the S&P 500 (^GSPC 0.16%) year to date, with shares up 240%. The stock has become a popular way to participate in the artificial intelligence trade because the company is a key supplier of memory chips.

I think Micron will reach $1,500 per share after the company reports fourth-quarter financial results for fiscal 2027 (which ends in August). That implies 52% upside from the current share price of $990.

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Micron is growing quickly because of a memory chip supply shortage

Micron is a semiconductor company that produces memory chips and storage solutions based on NAND flash and DRAM technology. Both chip types play an important role in Source link