Here's What a $1,080 Investment in Micron Stock Could Be Worth in 5 Years
Micron has been one of the market's hottest stocks over the past year.
Overview
Micron Technology (NASDAQ: MU) has been one of the market's hottest stocks over the past year, up nearly 600% through the last week of September. However, this may be a case of an artificial intelligence (AI) stock getting too far ahead of itself in a short period of time. As of this writing, you can buy one share of the company for around $1,080.
Micron is one of the big three memory makers along with its Korean counterparts SK Hynix (NASDAQ: SKHY) and Samsung. It gets about 75% of its revenue from DRAM (dynamic random access memory) and 25% from NAND. Prices for both types of memory have been skyrocketing, which is causing Micron's revenue and gross margins to soar.
Image source: The Motley Fool.
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Originally published at www.fool.com.