Could $25,000 Invested in Micron Stock Make You a Millionaire?
Will shares of the memory giant regain their recent highs and soar higher?
Overview
If you had put $25,000 into Micron Technology (NASDAQ: MU) stock at the start of 2025 and held on, you would have a stake worth $261,000 today. That gain of 943% reflects the company's booming revenue and earnings amid big tech's scramble to purchase memory hardware to build artificial intelligence (AI) data centers.
However, despite Micron's excellent growth, its shares have recently come under pressure as more investors question the sustainability of the current memory boom. As of Monday afternoon, the shares were down by about 28% from their peak. But is this dip a buying opportunity or a sign to stay far away?
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Originally published at www.fool.com.