If you had invested $10,000 in Micron stock 9 years ago, here's how much you would have today.

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Micron Technology (NASDAQ: MU ) It is one of the most disappointing in history. Semiconductor stocks For investors. Chip stocks are cyclical in nature, and extreme volatility in the memory chip market has wiped out the stock’s gains from recent bull markets.

Fortunately, the rise of the cloud and artificial intelligence (AI) has changed the paradigm of micron storage. In the year After a dip in 2016, it has made huge gains. Also, unlike the past several industry cycles, the stock has been able to hold on to some of its gains, leading to significant gains.

In the year In January 2016, Micron was in the midst of another industry drag. However, it turned out to be a very favorable time to buy. Those who invested $10,000 at a minimum price of $9.68 and held will now own 1,033 Micron shares, worth $106,800 today!

However, as mentioned earlier, the situation around Micron was different for much of its history. In the year In 1994, the price per share reached $9.68 for the first time, which means that the stock has not produced a net profit for 22 years! It sold at a 90% discount from its peak stock price in 2000.

in Data in YCharts

Micron endured several boom-and-bust cycles between the dot-com bust and 2016. So instead of taking it as a business to profit from this investment, an investor should probably foresee the potential of the cloud and AI. Bring creativity back to the memory chip space.

Fortunately, that innovation has served Micron and its shareholders well, and this cutting-edge technology has reduced volatility in the memory chip market. As long as this more rapid pace of technical correction persists, a long-term bull market in Micron stock should continue.

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