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Micron (MU) has been one of the strongest performers over the past year, reflecting the surge in artificial intelligence (AI) infrastructure spending and the company’s strategic position in the memory industry. Shares are up around 35% year-to-date (YTD) and have surged by more than 307% in 12 months.
Notably, AI workloads require enormous amounts of high-bandwidth, high-capacity memory. This has created a surge in demand for DRAM and advanced memory solutions, areas where Micron has a strong technological footprint, positioning it well to benefit from this investment cycle.