The artificial intelligence (AI) frenzy has slowed down a bit in 2024. However, AI's impact on all industries is still in full force. The semiconductor industry, in particular, is benefiting the most, and could continue to do so. The market is estimated to grow at a compound annual growth rate of 12.2% to be worth $1.38 trillion by 2029.
Among the key players in this sector, Micron Technology (MU) holds a significant position, driving advances in memory and storage solutions that power the digital age. Founded in 1978, Micron is a leading manufacturer of memory chips that are used in a wide range of electronic devices, including smartphones, computers, data centers, and automotive systems.
