Prediction: This Artificial Intelligence (AI) Semiconductor Stock Will Go Parabolic in June (Hint: It's Not Nvidia)
Micron is scheduled to report earnings on June 24.
Prediction: This Artificial Intelligence (AI) Semiconductor Stock Will Go Parabolic in June (Hint: It's Not Nvidia)
Overview
For a few years now, investors have treated Nvidia as the primary barometer measuring the health of the artificial intelligence (AI) sector. While the GPU leader remains a core pillar supporting the infrastructure boom, Micron Technology (NASDAQ: MU) has emerged as another big name fueling the AI semiconductor space.
On June 24, Micron is scheduled to report earnings for its fiscal 2026 third quarter, and expectations couldn't be higher. Over the last month, Micron's stock price has skyrocketed nearly 50%, earning it a spot on the short list of trillion-dollar companies.
Details
While having that kind of vertical move in the immediate rear-view mirror would normally suggest that investors behave with caution, I think the setup for Micron stock remains compelling. Its rally may not be over yet.
Source
Originally published at www.fool.com.
