Why Micron Could Rally All The Way Through Q4

Quick Summary:

After a near-perfect 2023 in terms of gains, this year has been a return to reality for shares of semiconductor tech giant Micron Technology Inc (NASDAQ: MU).

However, in the past couple of weeks, Micron has bounced back with a 30% rally, and there are reasons to think we could be in for even more gains as we head into the final months of the year.

The Idaho headquartered company, with a market cap of $121 billion, is a key player in the memory and storage market, providing essential components for everything from smartphones to data centers.

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Article Details

Author / Journalist: MarketBeat

Category: Technology

Markets: United StatesChina

Topics: Tech NVDA MU Contributors Markets General

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 13:29:06 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 737 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23202142

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