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Story summary
- Micron Technology, the memory-chip maker, posted growth, with shares up 254% in the past year and revenue reaching $13.6 billion in the fiscal first quarter.
- The company is cash positive, with 40% annual demand growth expected through 2028.
- Capital expenditure budget rose from $18 billion to $20 billion to expand capacity.
- Analysts advise investors to consider other stocks, following Micron's exclusion from a recent top investment list.
