Micron (MU) Named Morgan Stanley’s Top Pick as Memory Shortages Intensify

The raised terms people reflects “intensifying shortages crossed the board” successful representation markets.” Memory stocks person sold disconnected lately amid increasing concerns astir higher superior spending.

However, the steadfast argued that the caller selloff successful semiconductor stocks doesn’t look “warranted” arsenic tightening representation proviso points awesome robust net ahead.

According to expert Joseph Moore, representation marketplace conditions are improving with the astir unit successful DDR5 DRAM. Tightness has reached a constituent wherever “there is an progressive consciousness of situation that merchandise is not disposable astatine immoderate price.”

Even though consumer-grade NAND isn’t arsenic constrained, the steadfast is noticing “a generational tightness crossed each areas.”

“Raising MU CY26 EPS 15%, moving PT from $325 to $338.”

Micron Technology, Inc. (NASDAQ:MU) develops and sells representation and retention products for information centers, mobile devices, and assorted industries worldwide.

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