TOSBF - Micron Technology Sees Better Days Ahead for Key Markets
Memory chip giant Micron Technology (NASDAQ: MU) started Tuesday's trading session with a 6% gain, based on an upgrade from analyst firm Cowen. The stock got a second wind when Chief Business Officer Sumit Sadana took the stage at the 2020 CES show to share some rosy updates on the memory market as a whole. All told, Micron's shares closed 9% higher on Tuesday.
Let's have a closer look at Sadana's market forecast.
According to the Micron executive, both DRAM and NAND memory markets are "in a better place" this year due to a more favorable supply-and-demand balance.