Micron Technology Stock News

Having had a spectacular run since the start of 2023, shares of Micron Technology, Inc. NASDAQ: MU are experiencing their juiciest sell-off in quite a while. Since hitting an all-time high in June, after logging gains of more than 200% in the 18 months previously, they've sunk 30%.

Industry-leading Micron 2650 NVMe SSD, based on ninth-generation NAND, begins volume shipment Industry-leading Micron 2650 NVMe SSD, based on ninth-generation NAND, begins volume shipment

None of our picks is Nvidia or Apple or Tesla. Investors may wish to widen the aperture to find the best stocks for outsize earnings growth.

As I'm sure everyone reading this is aware, artificial intelligence, or AI, has been quite a volatile sector in the recent past. All indicators suggest this will continue in the near to semi-long-term future.

Nvidia and Micron have both received a major boost thanks to the growing adoption of AI. Both companies are solid bets for investors looking to capitalize on the booming AI chip market.

The earnings reports from Alphabet Inc. NASDAQ: GOOGL and Tesla Inc. NASDAQ: TSLA led technology stocks lower for the week. Some analysts are warning that the price action is due to an artificial intelligence (AI) bubble, but there could be other factors at play.

The excitement surrounding artificial intelligence (AI) has been a major driver of the stock market rally this year, with the market value of generative AI estimated to be around $1 trillion.

AMD and Micron saw sales of their AI-related products explode, leading to double digit year-over-year revenue growth. AMD's data center division enjoyed an 80% sales jump from a year ago, although some parts of its business are struggling.