Micron Technology, Inc. (NASDAQ:MU) shares are trading higher on Wednesday as some stocks in the chip sector rebound from Tuesday’s drop. The company also unveiled its new clock driver, the DDR5 memory portfolio.

We recently published a list of 10 Most Promising Low-Cost Stocks According to Hedge Funds. In this article, we are going to take a look at where Micron Technology, Inc.

Is Micron Technology a pricey tech stock or a hidden gem in plain sight? This eye-opening chart might help you decide.

Intel (NASDAQ: INTC) and Micron Technology (NASDAQ: MU) both provide essential chips for modern computers and data centers. Intel is the world's top producer of x86 CPUs for PCs and servers, and Micron is a leading supplier of DRAM and NAND memory chips. Both chipmakers manufacture most of their own chips at their internal foundries.

Micron is expected to benefit from AI-driven demand and strategic investments in cutting-edge technologies. Read why investors need to look beyond memory industry cyclicality concerns.

Shares of Micron Technology are slightly lower in Monday premarket trading after President and CEO Sanjay Mehrotra plans to sell up to $20 million worth of shares of the chip maker.Micron said the Mehrotra Family Trust,

President and CEO Sanjay Mehrotra has disclosed plans to sell up to $20 million worth of his shares in the company. This comes after the conclusion of Mehrotra’s previous trading plan on August 8, 2024,