Key Points Micron is benefiting from a supply crunch, but new supply is coming to the market before the end of the decade. The stock price generally follows net income, but its earnings multiple expands and contracts. That could create a lot of volatility in the stock over the next few years. 10 stocks we like better than Micron Technology › Micron Technology (NASDAQ: MU) has produced phenomenal results for investors amid the artificial intelligence (AI) boom. The stock has climbed around 500% over the past year, driven by incredible earnings growth. A surge in demand for memory chips has sent prices through the roof, while Micron and its competitors have taken a cautious approach to expanding supply capacity.
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