Micron: A Market Darling For A Reason

Justin Purohit2.55K FollowersFollow5ShareSavePlay(7min)Comment(1)SummaryShares in Micron Technology, Inc. have bounced back strongly over the past month, with gains of over 15%.MU stock struggled after hitting an all-time high in mid-March following a supercharged quarterly print.The chipmaker still appears to have a runway ahead, as shown by its +$200B spending commitment on U.S. manufacturing.I view MU shares as a Hold at current pricing. JHVEPhoto/iStock Editorial via Getty Images There are very few negatives to point out with Micron Technology, Inc. (MU). It’s the largest American maker of memory chips, it’s reporting blowout earnings consistently, and it has plans to keep the good timesThis article was written byJustin Purohit2.55K FollowersFollowProviding timely and quick to the punch analysis of earnings and macro-related events across various sectors, with a focus on retail and real estate. I am a licensed CPA.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.