Weak memory demand has weighed heavily on Micron Technology (NASDAQ: MU) stock since the beginning of 2022, sending shares of the memory specialist down 37% over the past 15 months thanks to a sharp decline in its revenue and earnings. However, investors gave the company’s latest results a big thumbs up thanks to the emergence of a generative artificial intelligence (AI), a massive catalyst that could supercharge its growth in the long run.
More recently AI grabbed the limelight thanks to the immense popularity of OpenAI’s ChatGPT. The company designed a chatbot capable of writing poems, creating text, composing emails, and writing code and essays based on user prompts. ChatGPT’s success and…
