35 Chip Stocks In Focus Amid Tech Selloff

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4. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holders: 128     

Micron Technology (NASDAQ:MU) makes and sells memory and storage products. In the earnings of the fourth quarter of 2024, Micron delivered 93% year-over-year revenue growth, as robust AI demand drove a strong ramp of the company’s data center DRAM (Dynamic Random-Access Memory) products and industry-leading high bandwidth memory. In January, the company expanded its consumer memory and storage portfolio with the launch of the high-speed Crucial P510 SSD. This new SSD features impressive read and write speeds of up to 11,000 MB/s and 9,550 MB/s, respectively, delivering next-generation Gen5 performance to a wider audience.

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