Why Micron Technology Stock Trounced the Market Today

An upbeat analyst note on the looming future of the semiconductor industry and associated components makers, a researcher flagged Micron Technology (NASDAQ: MU) as being a particularly undervalued title in that grouping. Following that, investors pounced on the chipmaker's stock to leave it with a nearly 3% price gain on the day. That was well above the 0.3% rise of the S&P 500 index. The researcher in question was Stifel, which covered a clutch of stocks in that new report. It devoted quite a bit of ink to Micron, suggesting the stock had notable upside despite zooming almost 57% higher year to date in price. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool