Strong demand for memory chips used for GPU-enabled AI servers, along with an improving supply-demand environment and higher prices for DRAM and NAND, is likely to have aided Micron's (MU) Q3 performance.
An expected lower interest rate scenario should bode well for Alphabet (GOOGL), NVIDIA (NVDA), Micron Technology (MU), Vistra (VST) and CenterPoint Energy (CNP), making them a compelling buy now.
Micron's stock has surged, but is there still room for growth?