Here's 1 Incredibly Cheap Semiconductor Stock to Buy Following Micron Technology's Latest Results

Micron's latest results suggest the memory chip market is in great shape. That's solid news for another semiconductor company. Micron Technology (MU 1.97%) released its results for fiscal 2024 on Sept. 25. The data released offers a clear indication that the memory chip market is hot thanks to favorable supply/demand dynamics. Micron reported $7.75 billion in fiscal Q4 revenue, a stunning increase of 93% year over year. Additionally, the company's operating income margin swung to a positive 22.5% from a neg ...