Better Buy: Micron Technology vs. Lumentum

·4-min read
Better Buy: Micron Technology vs. Lumentum

Micron (NASDAQ: MU) and Lumentum (NASDAQ: LITE) both provide essential components for electronic devices. Micron is one of the world's largest producers of DRAM and NAND memory chips, while Lumentum produces optical chips, 3D-sensing chips, and commercial lasers. Over the past 12 months, Micron's stock has rallied more than 50% as memory prices passed a cyclical trough and started rising again.

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