Micron Technology is seeing an increase in demand for memory chips from cloud computing companies, as well as a faster deployment of 5G cellular networks. Other growth drivers for MU include a growing mix of high-value products, improved customer engagement, and a lower cost structure.In addition, 5G adoption outside of mobile is expected to increase demand for memory and storage, particularly in IoT devices and wireless infrastructure. These will be big pluses for Micron Technology in the future.

I believe that Micron Technology's share price weakness in the past three months is largely attributable to concerns regarding the semiconductor chip shortage and its impact on MU. However, I think Micron's stock price could recover and go up in the near-term.

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MU stock is a good buy now. The stock's valuations are appealing, and its future prospects look good considering the demand-supply dynamics for the DRAM market

Micron this week has decided to discontinue all of its current Crucial Ballistix memory products.