When it comes to absolutely mindboggling returns, you’d be hard-pressed to beat Micron Technology (MU). Since the start of the year, MU stock has gained nearly 214%, easily triggering a 100% Strong Buy ranking from Barchart’s Technical Opinion indicator. And why not? Over the past 52 weeks, the security has skyrocketed to the tune of roughly 830%. It’s a life-changing investment for many but that’s also where the math problem lies.
That MU stock is a massively superior investment is a factual observation. Further, the thesis risk is relatively low (and some might argue nonexistent). For as much criticism and controversy that artificial intelligence generates, the harsh reality is that AI has radically altered technological and societal paradigms. If you’re not knee-deep into machine intelligence, you are inextricably falling behind — and at an exponential rate.