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Micron Is Benefiting From These 2 Industry Trends

Micron Is Benefiting From These 2 Industry Trends

It has been difficult historically to invest in Micron Technology (NASDAQ: MU) thanks to the highly cyclical nature of the semiconductor sector. While the increase in memory demand -- thanks to trends like artificial intelligence (AI) adoption, 5G phones, and smart cars, to name a few -- is a significant driver, other less apparent shifts within the memory industry also contribute positively to the improving dynamics. Memory manufacturers like Micron and Samsung compete by introducing ever more powerful memory, primarily by increasing the bits per wafer.