Micron Technology 's (NASDAQ: MU) consistently solid results have failed to appease Wall Street and investors alike, the stock fell more than 20% over the past six months in anticipation of a crash in memory prices.
However, the memory price bust hasn't arrived yet, which is clear from Micron's outstanding fiscal fourth-quarter numbers that were released last month. What's more, the anticipated decline in memory prices that has led investors to sell Micron stock won't be arriving any time soon, as the company is on track to deliver terrific growth in revenue and earnings once again this quarter.
For further details see:
Why Micron Technology Is a Screaming Buy Right Now