This Forecast Could Spell Trouble for Micron Technology Stock

Micron Technology (NASDAQ: MU) has been generating some truly spectacular quarterly results due to incredible demand for its memory and storage products. Both its top and bottom lines have looked amazing in recent quarters, making it little surprise why this tech stock has been rallying as much as it has. In the past 12 months, it has skyrocketed over 540% heading into trading this week.As long as demand remains robust, the stock may have even more room to run. But there may be trouble on the horizon, as a recent forecast suggests that a slowdown in Micron's impressive growth rate may be coming, and it's likely to be significant. And that could lead to the market adjusting what kind of premium it's willing to pay for the stock.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool