What Is Next For Micron Stock?

Shares of Micron Technology (MU) have returned 415% over the past twelve months, easily outpacing the 17.3% return for the S&P 500. Yet the stock trades at just 13.2 times earnings, well below the 21.9 multiple of the broader index. Buyers appear unsure that profits made during a memory shortage will last, and the company has been working on exactly that problem. So what is Micron doing to make those profits last.