Shares of Micron Technology (NASDAQ:MU) went up 16.9% in February, according to data provided by S&P Global Market Intelligence. The stock even approached all-time highs achieved way back during the dot-com bubble of 2000. Here’s why: The semiconductor industry is showing signs of strength, and some Wall Street analysts believe this could keep fueling gains for Micron stock.
Micron makes two kinds of memory products, but dynamic random access memory (DRAM) is its most important, accounting for 72% of total revenue for fiscal 2020. While DRAM products are generally in high demand, occasional oversupply in the