$Micron Technology(MU)$ Barron's: Micron stock has been on a tear, but Raymond James sees more gains ahead because demand for the company’s chips remains strong.
Shares of Micron were down 4% to $138.45 on Friday. Stock in fellow chip maker $NVIDIA Corp(NVDA)$ was off 2.5% and $Broadcom(AVGO)$ was down 2.3%.
But shares of the memory-chip maker have gained 69% this year and 121% over the past 12 months. Investors have been buying up the stock in response to the strength of demand for the company’s chips.
Buying opportunity!
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