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Direxion's Micron Bull And Bear ETFs Allow Investors To Trade The Tech Tug-of-War

Benzinga ·  Jan 15 13:06

Artificial intelligence quite evidently seems to have been a growth driver for computer memory and data storage specialistMicron Technology Inc(NASDAQ:MU). Throughout the first half of last year, MU stock shot skyward, at one point exceeding $150 per share. However, starting from the back half of 2024, momentum noticeably faded, leading to questions about forward viability.

On paper, many expect Micron to easily hitch a ride on the waves of the broader innovation ecosystem. For example, a study released last year by Cognizant Impact estimated that generative AI will spark a $1 trillion impact for the U.S. economy within the...

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