Micron Technology Stock: Is Wall Street Bullish or Bearish?

Valued at a market cap of $251.4 billion, Micron Technology, Inc. (MU) is a semiconductor company that designs, develops, manufactures, and sells memory and storage products. The Boise, Idaho-based company serves a wide range of markets, including cloud data centers, mobile devices, infrastructure, automotive and industrial applications. 

This semiconductor giant has significantly outperformed the broader market over the past 52 weeks. Shares of MU have surged 115.2% over this time frame, while the broader S&P 500 Index ($SPX) has gained 17.4%. Moreover, on a YTD basis, the stock is up 166.2%, compared to SPX’s 16% rise.