Up Over 300%, Should You Buy Micron Stock Right Now?

Less than a year ago, shares of Micron Technology (NASDAQ: MU) traded below $100. At the time, Micron stock traded at about 15 times earnings, which was quite reasonable. But the cheap valuation wasn't enough to entice investors. Micron sells computer memory products, which are prone to extreme boom-and-bust cycles. When demand is strong, profits are good. But a slight miscalculation by one of the three major players often leads to oversupply, quickly dropping profits. Will AI create the world's first tri ...