BlackRock's position in Micron Technology is currently worth $111B. That's 1.71% of their equity portfolio (8th largest holding). The investor owns 10.17% of the outstanding Micron Technology stock. The first Micron Technology trade was made in Q4 2020. Since then BlackRock bought shares ten more times and sold shares on seven occasions. The stake costed the investor $8.65B, netting the investor a gain of 1187% so far.
Investing in a memory company like Micron brings unique challenges.
Micron (MU) closed at $1 in the latest trading session, marking a +2.76% move from the prior day.
Silver coils for a breakout
Chart 1 The relationship between Nvidia and Micron is considerably closer than many investors realize.