This Outperforming Stock’s Terrific Run Isn’t Over

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Micron is also witnessing solid growth in sales of solid-state drives (SSDs) and has been ramping up production of its NAND chips as a result. Going forward, the company should continue to benefit from SSD growth. SSD shipments are expected to grow at an impressive annual rate of more than 30% for the next three years and then in the high teens from 2017 onward, according to iSuppli.

The bottom line

Micron’s reliance on its PC-related end markets is gradually coming down. Given the opportunities that the company has in mobile, networking, and SSDs, along with improving prices, the guidance for the ongoing quarter shouldn’t be ruled out.

The article This Outperforming Stock’s Terrific Run Isn’t Over originally appeared on Fool.com and is written by Harsh Chauhan.

Harsh Chauhan has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. 

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