Prediction: $950 Invested in Micron Today Will Be Worth This Much by 2030
How much higher can Micron stock climb by the end of the decade?
Overview
Micron Technology (NASDAQ: MU) has produced phenomenal results for investors amid the artificial intelligence (AI) boom. The stock has climbed around 500% over the past year, driven by incredible earnings growth. A surge in demand for memory chips has sent prices through the roof, while Micron and its competitors have taken a cautious approach to expanding supply capacity.
With expectations for semiconductor spending to keep climbing through the end of the decade, investors may be wondering if Micron still has significant upside from here. You can buy a share of the stock for about $950 today. Here's my prediction for how much that share will be worth by 2030.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.