Investors have faced considerable difficulty owning Micron Technology (NASDAQ: MU) . As one of the few makers of DRAM and NAND memory, the company has played a crucial support role in running semiconductor-powered hardware and ensuring the smooth function of software applications. The semiconductor industry is also well known for its cyclicality, and the memory chip industry has experienced the most volatility. However, despite these extreme movements, Micron appears set to move higher over the next year. Here's why. The state of Micron The investment case for Micron has changed because of the cloud and artificial intelligence (AI). These technologies have led to a sustained increase in the demand for digital memory.
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