Micron Just Extended Its Forecast for the AI Build-Out to 2031. Its Stock Is Bound to Defy History.
The memory maker now expects the high demand of the AI build-out to last even longer.
Overview
Micron Technology (NASDAQ: MU) just dropped some bombshell news on the AI world: Its customers expect their huge needs for memory to persist through at least 2031. That date used to be 2030, but as the AI build-out continues to ramp up, Micron's customers are extending their deals with it to lock in their access to memory chips for longer time frames.
But that was not the only bombshell Micron dropped for investors in the earnings report it released on Sept. 30. There were plenty of other tidbits in it that make the stock a screaming buy.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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