Micron Technology (NASDAQ: MU) stock went on an absolute tear this year as the market reacted to insatiable demand for the memory chips it makes.
Its run has been nothing short of remarkable, rivaling that of AI behemoth Nvidia just a few years ago
Five years ago, could anyone have anticipated Micron’s monster rally? Not likely. That’s why you could snag shares at less than $80 while they’re now trading close to $1,000.
If you had bought back then and held all the way through, what would an intital $5,000 have gotten you? What a $5,000 investment in Micron would be worth today The nearly 1,200% return would mean your investment would now be worth a whopping $64,340. Take a look at the incredible growth in the chart below.