Micron TechnologyNASDAQ: MU

Micron Technology is an American multinational semiconductor manufacturer with a market cap of about $110 billion that develops memory and data storage technologies. Micron Technology announced its results for fiscal Q4 2024 in late September, marking the company's dramatic turnaround thanks to strong memory recovery and location in lucrative areas such as AI. As memory prices rise, and demand, especially for AI solutions, continues to increase, I believe Micron will likely see robust sales and profit growth indeed in 2025.

These three stocks have fallen more than 30% from their highest points in the last year. However, experts believe that they will see significant growth in revenue and earnings in the near future.

The company is preparing for tougher competition in the market for high-bandwidth memory chips.

BOISE, Idaho, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) has announced that Robert (Bob) Switz, the current Chair of the Board, will step down at the annual shareholders meeting on January 16, 2025. The Board has unanimously decided to appoint Sanjay Mehrotra, the President and CEO of Micron, as the new Board Chair, while Lynn Dugle will take on the role of Lead Independent Director after the meeting.

Micron Technology Inc. (NASDAQ: MU), an important company in the semiconductor memory and storage sector, has had a challenging 2024 with both successes and setbacks.

Susquehanna Investment Group reduced its investment in Nvidia but raised its investment in Micron by 271%.

Investors frequently depend on analyst recommendations when choosing to buy, sell, or keep a stock. Changes in ratings from these analysts, who work for brokerage firms, can impact a stock's price, but how significant are they really?

Nvidia has been the leading company in the chip industry for the past few years, but I believe that Micron Technology might become a more significant player in the future.

Micron (MU) has been getting a lot of interest from users on Zacks.com recently. As a result, it's important to understand the factors that could affect the stock's future.