MU - Where Will Micron Technology Stock Be in 3 Years?
2024-02-03 05:25:00 ET
A $1,000 investment made in Micron Technology (NASDAQ: MU) stock three years ago is worth just $1,140 right now, as shares of the memory specialist have underperformed the broader semiconductor sector by a big margin.
Micron's 14% jump during this period has been eclipsed by the impressive 58% gain clocked by the PHLX Semiconductor Sector index. That isn't surprising, given that the chipmaker has struggled on account of an oversupply in the memory market, which led to a decline in its revenue and earnings in recent years.
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Where Will Micron Technology Stock Be in 3 Years?