After the market closed on Monday, Nov. 9, memory chipmaker Micron Technology (NASDAQ: MU) made an announcement that slipped under most investors' radar. Given the unfolding political drama, positive vaccine news, and massive rotation from growth stocks to value stocks, it's unsurprising that Micron's recent press release and presentation were overlooked.
Yet in the words of President-elect Biden, Micron's announcement could very well be a "big f---ing deal" -- at least in the storage industry.
Image source: Getty Images.
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Micron Technology Just Announced an Important Technological Breakthrough