Wall Street’s fixation with short-term stock performance over long-term investment potential often creates opportunities for the private investor to beat the so-called professionals. For the guy on Main Street, the point of investing is to build wealth over the long term, not to beat some arbitrary investment benchmark. Investment returns should be measured in years, not quarters. Last week, Wall Street created yet another opportunity in this vein.
Micron is an American company headquartered in Boise, Idaho. It designs and manufactures computer memory and storage products. Specifically, Micron is a global leader in manufacturing “high bandwidth memory” semiconductors that are an essential component of the artificial intelligence revolution.
Nvidia’s ultra-fast semiconductors have created an AI frenzy. The world’s largest technology companies, all American, are…