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Valued at a market cap of $113.8 billion, Micron Technology (MU) is a major player in the global semiconductor industry. Micron specializes in memory and storage systems, and is a key supplier of DRAM (dynamic random-access memory), NAND flash memory, and other advanced technologies that power industries ranging from consumer electronics to data centers and artificial intelligence (AI).
Micron's products are used in a variety of applications, including smartphones, personal computers, automotive systems, and industrial devices. However, it operates in a highly cyclical industry, with demand fluctuations linked to macroeconomic conditions and the rapid evolution of technology.
