by Hannah Devanny
Updated
Micron’s stock, as of Wednesday (COURTESY OF NASDAQ).
Shares of Micron now cost over a thousand dollars. The stock market for the chip manufacturer’s plant has skyrocketed in the past few months. Back in 2022, Micron’s stock was around $80 per share.
Unless you worked on Wall Street, the company was pretty unknown to many. However, in the past year, Micron has joined the trillion-dollar company club. The chip plant now sits alongside other well-known giants, like Tesla, Apple or Amazon.
So, what does this do for the area where Micron is planned to be, Onondaga County?
Chuck Wade works for Brighton Securities, a financial planning company in Rochester. He explained that if a company has a significant presence in a town, there’s more room for success for the town in the future. This means the town will be more well-known and have more opportunities.
When deciding on whether to buy into Micron at the moment or not, Wade said that you need to consider whether you believe the company will stay successful in the next ten years or so.
As for an update on Micron, Onondaga County Executive Ryan McMahon described that they’re ahead of schedule right now. A foundation pour is planned for the summer.
