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Anushka Dutta

Micron Has Been on an Explosive 557% Run Higher. It’s Still 1 of the Cheapest Semiconductor Stocks to Buy Now.

Micron Memory Semiconductor Micron Technology UBS

Leading memory chipmaker Micron Technology (MU) has had a stellar run on Wall Street over the past year, as the company faces a strong demand for the memory chips it makes. These chips are the backbone component of consumer electronics devices such as smartphones and laptops. Moreover, memory chips have become important for artificial intelligence (AI) data centers and the servers installed in these facilities, which has skyrocketed demand for them.

The “big three” of memory chips, Micron, Samsung, and SK Hynix, faced this growing demand (culminating in a shortage) and rising memory prices. In particular, there is a huge demand for high-bandwidth memory (HBM).

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