Micron Shares Surge: What's Driving the Sudden Momentum
The memory chipmaker still has a bright future.
Overview
Micron (NASDAQ: MU), one of the world's largest producers of DRAM and NAND memory chips, was once considered a cyclical chip stock. Its growth was tethered to the memory chip market's boom-and-bust cycles, which usually occurred every few years.
But over the past 12 months, Micron's stock surged nearly 720%. What's driving that sudden momentum, and can it head even higher?
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Details
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Originally published at www.fool.com.
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