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Barchart
Barchart
Faisal Humayun Khan

Memory Prices Could Spike More Than 100%: Buy Micron Stock Here

Micron Memory MU Wedbush

Micron Technology (MU) stock has surged by 306% in the last 52 weeks amid swelling demand for memory for artificial intelligence (AI). This rally has been fundamentally backed by stellar growth and significant cash flow expansion. 

However, MU stock seems to have taken a breather after second-quarter results with a correction of 19% from all-time highs. With structural tailwinds for memory and storage products, the correction seems like a good buying opportunity. 

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