Micron
Makes memory chips that store information in phones, computers and servers.
📖 Its story
In 1978, four friends started designing chips in the basement of a dentist's office in Boise, Idaho. They didn't have much money, but local business people believed in them and helped them. Today it is one of the biggest memory makers in the world.
💵 How it makes money
By selling memory chips (DRAM and NAND) to makers of phones, computers and data centers.
🤯 Fun fact
One of its first big investors was J. R. Simplot, a businessman who got rich from potatoes.
👍 The good part
Artificial intelligence needs lots and lots of memory, and Micron is one of the few companies that makes it on a huge scale.
⚠️ The risk
The price of memory goes up and down a lot, so its profits can change suddenly.
🧠 Did you get it?
Where did Micron start?
🗂️ Quick facts
- Founded in: 1978
- Founded by: Ward and Joe Parkinson, Dennis Wilson and Doug Pitman
- Home: Boise, Idaho, USA
🔎 How to find it on the stock market
- Search the internet for MU stock.
- You can also find it in your parents' investing app with the letters MU.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in Micron. Ask your mom or dad to join the list.
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