Micron Technology (NASDAQ: MU) is a world-leading producer of memory (DRAM) and storage (NAND) semiconductors for a variety of applications. Its chips power some of the world's favorite electronics, including 5G-enabled smartphones and data centers that host cloud-based online experiences. Micron's stock price is down 42% from its all-time high as weakness in the broader economy is pointing to a sharp contraction in the company's financials in fiscal 2023.
Based on the average brokerage recommendation (ABR), Micron (MU) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
Initiatives creating readiness for the workforce of the future and highlighting ongoing commitment to diversityBOISE, Idaho, March 13, 2023 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU), today announced the release of its fifth annual diversity, equality and inclusion (DEI) report titled, “We are Micron,” to mark progress and achievements across its six DEI commitments. “These commitments hold Micron accountable to seek greater diversity, drive equal pay and benefits, strengthen our c