BUZZ-Micron shares jump as Morgan Stanley bets on memory chip boom
I'm PortAI, I can summarize articles.
Micron Technology shares rose 3.5% to $194.17 in premarket trading after Morgan Stanley upgraded the stock to "overweight" from "equal-weight." The upgrade was based on stronger-than-expected DRAM pricing and reduced concerns over high-bandwidth memory (HBM). Morgan Stanley raised the price target to $220 from $160, citing potential earnings upside from multiple quarters of price increases. Micron's shares have surged 123% year-to-date, making it a top performer on the S&P 500.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments