Why Micron Stock Rocketed to a Record High Today
More gains lie ahead for the semiconductor star's shareowners, according to a respected Wall Street analyst.
Overview
Shares of Micron Technology (NASDAQ: MU) surged on Monday after an investment bank's research team highlighted the memory chip leader's staggering artificial intelligence (AI)-fueled growth potential.
Image source: The Motley Fool.
The rapid build-out of AI data centers is creating enormous demand for the high-speed memory chips needed to run machine-learning applications. TD Cowen analyst Krish Sankar sees Micron as a prime beneficiary of this global megatrend.
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Source
Originally published at www.fool.com.
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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.