Micron Technology Is Ramping Up Production of High-Bandwidth Memory. Here's Why That Could Send the Stock to New Heights This Year

Key Points Micron Technology's sales and profits have been soaring due to insatiable demand for its memory and storage products. The company is doubling its production of high-bandwidth memory products, which is likely to lead to even better financial results. Micron will post its fourth-quarter numbers later this month, and it'll likely also reveal promising guidance for the new fiscal year. 10 stocks we like better than Micron Technology › Micron Technology (NASDAQ:MU) has been one of the hottest stocks to own this year, with its value rising by more than 240% heading into trading this week. At over $1 trillion in market cap, it has joined the illustrious trillion-dollar club this year and become one of the most valuable companies in the world.