Micron Technology experiencing financial struggles, but heavily involved in AI market with potential for growth.

From Nasdaq: 2024-08-29 08:29:00

Micron Technology’s financials are struggling – unprofitable, sales down 34%, stock price down 39%. However, the company is heavily involved in the AI market, with potential for significant revenue growth. Recent sales have already risen 82% year over year, and analysts expect a further increase in the fourth quarter. With a bargain valuation and positive future outlook, now may be a great time to invest in Micron. *These stocks might be better choices* – Consider the success of Nvidia after being recommended by the Motley Fool Stock Advisor team in the past. *Research before investing* – The Motley Fool has a long track record of outperforming the S&P 500.



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