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Micron Stock Is Down 28%, and Here Is What Investors Need to Know
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The Motley Fool
Day's Range $ 844.62 - $ 876.87 52wk Range $ 113.46 - $ 1255.00 Volume 17.8M Avg Vol 51.8M Gross Margin 72.60% Dividend Yield 0.06%Why Micron stock has thrived in the past yearLet's start with why Micron stock soared: the semiconductor company's central role in the artificial intelligence (AI) gold rush.
It's one of just three major players worldwide that make memory hardware.
Why Micron stock has pulled back recentlyMicron's pullback isn't an isolated event.
Even without an environment of unusually short memory supply, Micron is still a solid company with a good long-term trajectory.
The stock is a buy, but investors who hold it will need to be prepared to stomach its high volatility.