Yahoo Finance's Daniel Howley joins the Live show to discuss Micron's chip facility expansion.
Micron (MU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Memory chips are, for the most part, commodities. When you manufacture commodity products, how much you can charge is largely based on supply and demand. In the fiscal year ended Sept. 2, 2021, Micron produced net income of $5.86 billion on $27.71 billion of revenue.