If I Had to Pick 1 Tech Stock to Hold Through the Next Recession, It Would Be This One
Key PointsMemory chips are essential for the AI build-out, and Micron's largest customers have deep pockets and generate billions of dollars in quarterly profits.
Micron Technology has been a volatile stock recently, but it may be a wise investment choice for the next recession. The company's strong financials and growing relationship with large tech companies, like Microsoft, provide a built-in recession protection. Despite recent gains, Micron's forward P/E ratio is exceedingly low, indicating substantial undervaluation.
These factors combined suggest that Micron Technology could potentially thrive during economic downturns, making it an attractive investment option for those seeking long-term returns.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
