Micron's (NASDAQ: MU) stock price has roughly tripled this year even though it has been slipping down and sideways for the past few months. Demand for its memory chips remains extremely strong, and its revenue rose by almost 400% year over year in its fiscal 2026 fourth quarter. Micron CEO Sanjay Mehrotra projected an even stronger fiscal 2027, but that doesn't mean investors should rush to buy the stock. If you're looking for an investment that will let you capitalize on this booming market for memory, Penguin Solutions (NASDAQ: PENG) may be the better pick as CXL memory products start to gain traction. Image source: Getty Images.
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