Micron Shares Surge on Outlook, Defying Analyst Expectations. Is the Stock a Buy Now?

Shares of Micron Technology (NASDAQ: MU) soared after the company reported strong results and offered upbeat guidance. Ironically, more than half a dozen Wall Street analysts lowered their price targets in the weeks ahead of its earnings report, with many scrambling now to increase their targets following its results.With the stock up over 25% on the year, let's look to see whether it is too late to buy Micron stock or if this could be just the beginning of its rally.Like many other chipmakers, Micron is also seeing a boost from soaring demand for the artificial intelligence (AI) infrastructure buildout, as the company saw record data center revenue in its fiscal 2024.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool