This Incredibly Cheap Artificial Intelligence (AI) Stock Is a Terrific Bargain Right Now

Micron Technology (NASDAQ: MU) is having a woeful April as shares of the memory specialist have dropped 20% so far this month, and the tariff-fueled turmoil has a lot to do with the stock's recent pullback. Reports suggest that Micron could increase the prices of its memory products amid the ongoing tariff war. That's because Micron has a global manufacturing footprint, including factories in the U.S., Japan, Taiwan, and China.However, semiconductors have been exempted from tariffs by both the U.S. and China (at least so far). Additionally, the Trump administration has put a 90-day pause on imposing reciprocal tariffs on most of its trade partners who would have otherwise been subjected to higher tariff rates. Also, the administration has exempted imports of memory chips and hard drives from China.As such, Micron may not need to raise the prices of its offerings, a move that may have hurt the demand since its customers would have had to contend with increased costs. What's more, Micron's memory products are witnessing such strong demand that the company is finding it difficult to produce enough of them. This was evident from the company's impressive numbers in the previous quarter, as well as its bright outlook for the current one.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool