Micron Technology(NASDAQ: MU) once again turned in a spectacular quarter when it reported its fiscal third-quarter results after the bell on June 24. While the stock initially surged, it has since given back most of its gains. The stock is still up around 236% on the year.
Micron is one of the three major DRAM (dynamic random-access memory) manufacturers, and it has been benefiting from soaring DRAM and NAND (flash) memory prices, as both remain in short supply due to the data center build-out. Over 75% of Micron's revenue comes from DRAM, with the rest largely from NAND.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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