Micron TechnologyNASDAQ: MU

Micron could be a good choice in the next few months.

Both chip manufacturers are set to achieve impressive growth due to the strong demand for AI chips.

On the most recent trading day, Micron (MU) closed at $99.18, which is a decrease of 0.74% compared to its last closing price.

Investors frequently rely on suggestions from Wall Street analysts when deciding whether to Buy, Sell, or Hold a stock. Although news about changes in ratings from these analysts can influence a stock's price, it's worth questioning their true significance.

Micron's core business is getting better, thanks to exciting new products and a big increase in research and development spending, which leads to a 'Strong buy' recommendation. Analysts on Wall Street predict strong growth in revenue and earnings per share, with revenue for FY2025 expected to be 24% higher than in FY2022. Micron is taking advantage of positive trends in data centers, mobile, and automotive sectors, making large investments in capital expenditures and R&D.

Recent analysis indicates that Micron may not meet investors' expectations in 2025.

Micron has made some positive progress and strategic decisions, but there are still some risks involved. However, keeping the stock seems to be the best option at this time.

Lately, users of Zacks.com have been focusing on Micron (MU). This interest prompts a closer look at what the stock might offer.

At the end of the last trading day, Micron (MU) was priced at $113.39, which represents a 1.39% increase compared to the day before.