Semiconductor player Micron Technology (MU) closed out 2020 at $75.18, and since then, the stock price has climbed roughly 25%. So, should investors pause and wait for a retracement, or do shares still have more room to run? Micron is a leading supplier of memory and storage chips used in a wide range of electronic devices. That said, the DRAM market is experiencing a severe shortage.       Consequently, automotive manufacturers are closing plants due to semiconductor shortages, while projections for smartphones, gaming consoles and PC sales are robust. Micron projects a 20% increase in demand for DRAM, which combined with chip shortages, will likely drive prices higher.
https://www.tipranks.com/news/article/after-soaring-over-the-last-year-does-micron-have-more-fuel-left-in-the-tank
Micron Technology (NASDAQ:MU)
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Micron Technology (NASDAQ:MU)
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