Micron believes its inventory days have peaked, and management has long-term bullish views thanks to the increased demand for AI workloads.
Micron Technology (MU -4.61%) reported over a 50% year-over-year decline in revenue, yet why have investors decided to buy up the stock? Check out the short video to learn what semiconductor investors Jose Najarro, Nicholas Rossolillo, and Billy Duberstein had to say. Also, consider subscribing, and click the special offer link below.
*Stock prices used were the market prices of March 30, 2023. The video was published on March 30, 2023.
Billy Duberstein has positions in Micron Technology. Jose Najarro has no position in any of the stocks mentioned. Nicholas Rossolillo has positions in Micron Technology. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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