Micron Technology (NASDAQ: MU) has been a great stock to own for the first half of 2026.
It has risen around 240%, easily ranking it among the best-performing stocks in the market
After a run-up like that, before taking a position in the stock, investors must ask themselves what catalyst will sustain the stock’s incredible momentum. Well, Micron’s management team delivered that news to shareholders a few weeks ago during its earnings announcement, and it could easily propel Micron to new heights. The memory chip crunch isn’t going to wane anytime soon Micron makes memory chips, which are vital for nearly all computing devices.
It makes both NAND and DRAM memory, which have different use cases. Both are heavily used in data centers, and Micron and its peers in the memory chip industry weren’t ready for the surge in demand. As a result of spiking demand and limited supply, prices have risen.