A Wild Ride

Has anyone looked at the shares of Micron Technology (MU) lately? The stock is on a wild ride. Year-to-date, the stock is up almost 115% and the shares are just a few pennies from their 52-week high. At this point, to get bullish on the stock, I think you would have to be on par with Nik Wallenda walking across the Grand Canyon.

In a squeaker last week, Micron narrowly beat analyst's expectations. Strong pricing, new die shrinks and the shift of production from DRAM to NAND memory have powered the stock. Furthermore, the company was able to acquire additional capacity by buying bankrupt memory maker Elpida Memory. The acquisition will give Micron about 45% more capacity. In terms of wafer capacity, Micron is the third largest memory maker and can process an estimated 2.2 million wafers a year with a 25-to-20 nanometer equivalent die size. (Samsung and Toshiba are both about twice the size of Micron in terms of wafer starts.)...345 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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