If the semiconductor industry swings in feast-or-famine cycles, then Micron Technology is in the midst of a clambake. This four-decades-old Boise chipmaker’s stock price has more than doubled to $40 from $18 in two years. Even the company’s recent decision to sell $1 billion in shares to pay down a heap of high-interest debt barely dented investor enthusiasm. Micron has benefited hugely from demand for its memory chip products, integral to cloud hardware, computers, and smartphones. Less happy: tech giants like HP and Lenovo, whose margins have been hurt by the expense of Micron components.
Semiconductors and Other Electronic Components
|Revenues ($M) (Past 12 Months)||$20,322|
|Profits ($M) (Past 12 Months)||$5,089|
|Market Value as of Oct. 9, 2017 ($M)||$45,468|