If You'd Invested $10,000 in Micron Stock 9 Years Ago, Here's How Much You'd Have Today

Micron Technology (NASDAQ: MU) has historically been among the most frustrating semiconductor stocks for investors. Chip stocks are cyclical by nature, and the extreme fluctuations in the memory chip market have often wiped out the stock's gains from the most recent bull markets.Fortunately, the rise of the cloud and artificial intelligence (AI) has changed the paradigm for Micron stock. Since bottoming in 2016, it has made significant gains. Also, unlike many industry cycles in the past, the stock has managed to maintain some of its gains, leading to considerable returns.In January 2016, Micron was in the midst of another industry pullback. However, it proved to be a fortuitous time to buy. Those who invested $10,000 at the low of $9.68 per share and held would now have 1,033 Micron shares, worth about $106,800 today!Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool