If You'd Invested $100 in Micron Stock 10 Years Ago, Here's How Much You'd Have Today

Core Viewpoint - Micron has emerged as a leading AI stock, driven by strong demand for its memory chips, particularly in the AI sector, resulting in significant stock price appreciation over the past year [1]. Group 1: Stock Performance - Micron's stock has surged over 245% in the last year, reflecting its strong performance in the tech sector [1]. - The stock is currently priced at $345.09, with a market capitalization of $388 billion [2]. - Over the past decade, Micron's stock has increased approximately 2,490%, indicating substantial long-term growth [3]. Group 2: Product Demand and Revenue - The company's high-bandwidth-memory (HBM) chips are in high demand from major AI processor manufacturers like Nvidia and AMD, contributing to a new growth phase [3]. - Micron's focus on high-margin AI chips has led to increased revenue streams and positive effects on its consumer memory chip business [4]. - The heightened demand in the memory chip market has also enhanced Micron's pricing power in the consumer segment, indicating robust business performance [5].