In spite of a global chip shortage contributing to a fantastic sales environment for chipmakers this past year, Micron Technology (NASDAQ: MU) stock has tapped the brakes as of late. Shares of the memory manufacturer are up just 9% with just a couple of weeks left until the new year, lagging behind the nearly-22% gain for the S&P 500.
However, the company just reported a fantastic Q1 of fiscal year 2022 (the three months ended Dec. 2, 2021), and remains optimistic that demand will remain strong in the year ahead. Digital memory is one of the more volatile segments of the semiconductor industry, but Micron stock looks like a solid buy again headed into 2022.
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Micron Technology Stock Still Looks Like a Great Buy Headed Into 2022