Micron’s stock jumps 55% in 2024, outpacing rivals as AI chip demand and institutional buying fuel its rally.
Key takeaways
- Why Investors Are Flocking to Micron Stock in 2024
- Micron’s share price has outpaced rivals and the broader market this year, surging over 55% since January — a rally that’s left even Nvidia playing catch-up in some we...
- A series of analyst upgrades has fueled the momentum. Goldman Sachs raised its price target to $160, citing Micron’s "unmatched leverage to next-gen AI workloads." Mea...
- Financial indicators back the bullish sentiment. Micron’s Q2 2024 revenue jumped 58% year-over-year to $6.8 billion, and gross margins flipped from negative to 27%. Ca...
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