Memory chip manufacturer Micron Technology (NASDAQ: MU) has been mired in one of the worst downturns in the industry's history. Demand for DRAM and NAND chips has fallen off a cliff, and pricing has tumbled far quicker than Micron has been able to reduce costs. Industrywide production cuts and slimmed-down capital spending plans were enacted in an attempt to bring supply and demand back into sync.
GitLab's (GTLB) third-quarter fiscal 2024 results are likely to reflect its expanding clientele and solid performance of the DevSecOps platform.
Investing in certain stocks can pay off in the long run, especially if you hold on for a decade or more.