Micron: Market Overreacted, Time To Load Up - Maintaining Buy
Hudbay Minerals(HBM) Seeking Alpha·2024-07-03 06:27
franckreporterMicron Technology (NASDAQ:MU) reported its third quarter of FY2024 results and outlook last week, but the stock traded off after guidance didn't fulfill investors' high AI-driven expectations. We reaffirm our buy rating on MU and recommend investors load up on the pullback. We expect MU to outperform the peer group substantially in the first half of 2025 due to better demand-supply dynamics in the memory market. Our positive outlook is based on two factors: The first has already begun play ...