Shares of American multinational semiconductor company Micron Technology (NASDAQ: MU  ) popped 10% last week, after the company's quarterly results beat the Street consensus. The company announced a 120% year-over-year increase in earnings, posting net income of $358 million, quite an improvement from $275 million net loss announced in the first quarter in 2013.

Even after the amazing stock rally, Micron may still have plenty of room left for growth. In the past two years, despite facing strong competition in the memory industry, Micron has managed to increase its year-over-year earnings per share figure in each and every quarter. A research focus, combined with scale advantages obtained from the recent acquisition of a Japanese semiconductor company, Elpida Memory, allowed the company to improve its economic moat in the past two years. Is Micron on its way to beat competitors such as Samsung Electronics and SanDisk , and conquer the memory market?

By: DocMemory
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