Prediction: Micron Could Turn a $5,000 Investment Into This by 2030
Micron (NASDAQ: MU) has been one of the market’s hottest stocks over the past year, with the ongoing artificial intelligence (AI) boom driving investors toward companies that make memory and storage devices. The stock was up 334% over the past 12 months and up 208% for the year through market close on Oct. 16.
There’s no doubt it’s been a good ride for Micron investors, but what might the next few years look like for the stock?
Training AI models requires tons of data processing, and all that data must be stored in ways that allow processors to access it rapidly, which is why memory and storage devices have become some of the most important components in data centers.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.