Micron Technology (NASDAQ: MU) has been on a phenomenal bull run over the past year, with its shares jumping nearly 350% in such a short time. Micron's stunning rally has been driven by impressive growth in both revenue and earnings. The company has emerged as a key player in the global artificial intelligence (AI) data center market, as the memory and storage chips it manufactures help store large data sets and transport data rapidly within data centers and AI chip clusters. However, investors may now be wondering whether Micron can replicate its bull run. The good news is that it can indeed soar higher, as strong demand for memory chips and tight supply conditions in the industry are likely to persist.
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