MU Stock Recent News

Microchip and semiconductor concern Nvidia (NASDAQ: NVDA ) has led the market ever since the current rally began in autumn 2022. Its run has been incredible.

With Wall Street going wild for anything remotely associated with artificial intelligence, it's time to add another name to the list: computer memory and storage products specialist Micron (NASDAQ: MU ). While it's not delivering the performance of Nvidia (NASDAQ: NVDA ) or Super Micro Computer (NASDAQ: SMCI ), MU stock has been a hot commodity, gaining over 55% year to date.

Micron Technology Inc (NASDAQ: MU) has more than doubled over the trailing twelve months. But does it have what it takes to be the next Nvidia Corp (NASDAQ: NVDA) for investors?

The chipmaker has a large presence in Taiwan, but it didn't seem to be badly affected by Tuesday's earthquake. Meanwhile, it got a high grade from a prognosticator.

Micron is a major player in the memory chip industry, powering devices and systems we use every day. The rise of artificial intelligence technologies is driving strong demand for Micron's memory chips.

Artificial intelligence (AI) has been the name of the game throughout 2023 and the boom persisted into the first quarter of 2024 with certain involved companies – Super Micro Computer (SMCI) – making stunning, 100%+ gains in mere months.

Does Micron (MU) have what it takes to be a top stock pick for momentum investors? Let's find out.

Bofa Securities analyst Vivek Arya increases his price target on Micron to $144 from $120.

Micron Technology (MU) shares jumped to a record high during early trading on Monday after Bank of America analysts increased their price target for the stock, saying it is well-positioned to gain amid the artificial intelligence (AI) boom.

We have narrowed our search to five technology behemoths that have provided double-digit returns year to date. These are: NVDA, META, MSFT, MU, AMZN.