Where Will Micron Technology Stock Be in 1 Year?

Micron Technology (NASDAQ: MU) has been one of the best-performing semiconductor stocks over the last six months. Investors might be hesitant to buy it after it's surged 182% year to date, but keep in mind, Micron shares still trade at just 14 times next year's consensus earnings estimate. Further momentum in selling memory chips to data centers could send the stock to new highs in the new year.Image source: Getty Images.Micron's memory products are sold into several items like smartphones. But there is a great need for more memory and storage capacity to handle the massive data sets that are used in training artificial intelligence (AI) models.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool