Micron Technology’s stock may already be one of the year’s best performers in the S&P 500, with a 180% gain fueled by artificial-intelligence demand — but Morgan Stanley analysts just gave a strong endorsement of its future potential.
The Morgan Stanley team named Micron’s stock
MU a top pick on Thursday, on the expectation that the memory-chip maker will continue benefiting from industrywide shortages that can drive prices even higher.
Why Micron’s stock is Morgan Stanley’s new top pick — even with its 180% rally this year
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Micron Technology’s stock may already be one of the year’s best performers in the S&P 500, with a 180% gain fueled by artificial-intelligence demand — but Morgan Stanley analysts just gave a strong endorsement of its future potential.
The Morgan Stanley team named Micron’s stock
MU a top pick on Thursday, on the expectation that the memory-chip maker will continue benefiting from industrywide shortages that can drive prices even higher.
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