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Micron Technology, Inc. (MU) designs, develops, manufactures, and sells memory and storage products.
Micron's recent outperformance is largely driven by AI-fueled memory shortages and high-bandwidth memory leadership.
KEY POINTS
- Micron has begun volume shipments of HBM4 and shifted HBM3E production to higher-margin AI products.
- UBS reported a 95% jump in Q1 memory prices and increased long-term supply deals for Micron.
- Analysts expect Micron's EPS to grow 651.6% to $57.72 in the current fiscal year.
- The analyst consensus on Micron has become slightly less bullish compared to the previous month.
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