1 Unstoppable Stock to Buy Before It Soars 75% to Join the $2 Trillion Club, According to 1 Wall Street Analyst
This semiconductor specialist has soared more than sevenfold over the past year with no end in sight.
Overview
There are currently seven companies with market caps of $2 trillion or more, but the accelerating demand for semiconductors is pushing new candidates to the fore. One prime example is Micron Technology (NASDAQ: MU) -- and I'm convinced that the ongoing adoption of artificial intelligence (AI) will send this chip specialist to new heights. Micron is one of the world's leading providers of memory and storage chips, and demand for its wares has been insatiable. As a result, its operating and financial results have been growing at a blistering pace.
The company has a market capitalization of roughly $1.3 trillion as I write this, having soared more than sevenfold over the past year. After gains of that magnitude, you might be tempted to think its run is over, but many are convinced there's further upside ahead -- including some of Wall Street's finest.
Details
Let's take a look at recent developments and why one Wall Street analyst believes the stock will soar 75% to $2.2 trillion over the coming year or so.
Source
Originally published at www.fool.com.