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Recent information strongly indicates that Micron Technology (MU) is well-positioned to continue benefiting tremendously from the explosive growth of artificial intelligence (AI) for at least the next two years. Meanwhile, the Street is clearly quite bullish on the name, and despite the stock's huge run, its valuation remains low. Finally, board member Teyin Liu recently bought 23,200 shares of MU stock for $7.8 million, demonstrating that Micron's outlook looks very positive to an insider.
In light of these points, investors may want to consider buying shares of Micron. Let's take a closer look.
