Markets are built on the supply and demand equation, which is particularly important in the semiconductor industry. By its nature, this sector is highly cyclical, and companies’ trajectories often follow the shift in dynamics. In recent quarters, Micron (MU) has benefited from greater demand for its memory products. Despite investor worries that cloud and OEM customer inventory build-ups are becoming oversaturated, following talks with Micron’s CFO, Wells Fargo’s Aaron Rakers thinks these concerns are overblown. The 5-star analyst said the discussions reinforced his “positive thesis on DRAM bit supply vs. demand and potential for continued stabilization in NAND (demand-driven) into 2H2021.
https://www.tipranks.com/news/article/micron-dram-market-saturation-worries-are-overblown-says-analyst
Micron Technology (NASDAQ:MU)
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