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Micron Technology (MU) is benefiting from the rise of artificial intelligence (AI) and other compute-intensive technologies, which have driven demand for its high-performance memory and storage solutions higher. Thanks to AI tailwinds, shares of this semiconductor company have gained nearly 50% year-to-date.
Despite the significant run, shares of this semiconductor company still have room to climb, supported by its solid growth trajectory, new product launches, and a valuation that remains reasonable.