Chipmaker Micron (MU) is banking on the upcoming 5G trend. As 5G networks ramp up around the globe, the semi-conductor player is expected to provide many of the components needed to achieve 5G’s promise; faster data processing, lower latency and expanded storage capacity.However, the catalyst hasn’t borne fruit yet. Micron has lagged behind its peer group this year, unable to fully recover from the COVID slump. Micron’s share price is still roughly flat year-to-date compared to the SOXX’s 9% uptick. But a recent pre-earnings announcement that sales for the quarter (FQ3) were stronger than expected along with the company anticipating …read more
Source:: Yahoo Finance
