MU - Will Micron Technology Be a Trillion-Dollar Stock by 2030?
2024-02-21 05:15:00 ET
Micron Technology (NASDAQ: MU) is one of the world's leading producers of DRAM and NAND memory chips. It went through several boom-and-bust cycles in its 40-year history as a public company, but it still turned a $1,000 investment in its initial public offering into nearly $57,000.
Micron now has a market cap of $88 billion. It's still smaller than Intel and Advanced Micro Devices , which are worth $184 billion and $281 billion, respectively; and Nvidia , which recently saw its market cap hit $1.8 trillion.
But could Micron surprise investors and become the next trillion-dollar chipmaker by the end of this decade? Let's review its business model, growth rates, and valuations to decide.
For further details see:
Will Micron Technology Be a Trillion-Dollar Stock by 2030?