MU stock hits intraday record high today: Will Micron's market cap cross $700 billion for the first time? Here's what investors are watching
MU stock hits intraday record high today: Will Micron's market cap cross $700 billion for the first time? Here's what investors are watching
2 weeks ago
MSNShreya Biswas
Micron Technology Inc (MU)
Micron Technology Inc (MU)
3 months ago
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MU is still undervalued!MU just crossed $700 a share and I've seen the replies it already ran, why buy it now?Here's why it's still one of the most compelling setups in the entire semiconductor space.Start with where earnings are going.Micron just posted Q2 net income of $14 billion, up 686% year over year and gross margins are sitting at 74% and guided to 81% by Q3.By 2027, analysts project Micron's operating income could surpass both Amazon and Meta.The demand side is what makes this durable,
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