If You'd Invested $100 in Micron Stock 10 Years Ago, Here's How Much You'd Have Today

• AI-related request has turbocharged Micron's business.

• Soaring endeavor request for AI chips is besides benefitting Micron's user business.

• 10 stocks we similar amended than Micron Technology ›

Micron (NASDAQ: MU) has been 1 of the tech sector's biggest winners recently. While the company's show has historically been tied to cyclical shifts successful the representation spot market, request connected to artificial quality (AI) has pushed the concern into a almighty caller maturation signifier that seems to person legs. As of this writing, the banal has surged much than 245% implicit the past twelvemonth of trading.

Micron's high-bandwidth-memory (HBM) chips person go go-to components for Nvidia, Advanced Micro Devices, and different starring companies that plan processors for AI information centers. Thanks to a immense valuation surge implicit the past year, Micron banal is present up astir 2,490% implicit the past decade. That means you would present beryllium holding banal worthy astir $2,600 if you bought $100 worthy of shares 10 years agone and held connected to your position.

In summation to creating surging caller streams of high-margin revenue, Micron's wins successful the HBM abstraction person had affirmative knock-on effects for the company's user representation spot business. Demand for HBM solutions is truthful precocious that Micron is having to prioritize manufacturing initiatives, and it's understandably focusing connected high-margin AI chips for the endeavor market.

The bully quality for Micron investors is that heightened request successful the representation spot marketplace has besides translated to accrued pricing powerfulness successful the user market. The spot specialist's concern is firing connected each cylinders close now, and the rally for its banal reflects hopes that AI request volition crook into a secular tailwind.

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