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One of the biggest success stories in the stock market this year has been Micron Technology (MU). The company makes computer memory and storage - the very products that have been in high demand this year due to the explosive build-out of artificial intelligence data centers.
Micron Technology stock is up 247% so far this year, which is the second-best performance in the entire S&P 500 Index ($SPX). This pushes Micron to join the exclusive trillion-dollar club in its market capitalization. Having Micron in your portfolio can lead to dynamic returns, whether you’re just starting out or if you’re a seasoned pro. Bloomberg News recently reported that the Appaloosa Management hedge fund run by David Tepper returned 32% in the first half of the year, with memory chip stocks like Micron leading the way.
