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Micron Technology Stock Surges on Analyst Optimism for Semiconductor Sector
Micron Technology Stock Surges on Analyst Optimism for Semiconductor Sector
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BTCCSquare news:
Micron Technology (MU) shares outperformed the broader market with a 3% gain after Stifel Research highlighted the chipmaker as undervalued in a bullish semiconductor sector report. The stock has already climbed 57% year-to-date, but analysts see further upside potential.
Stifel's analysis emphasizes Micron's strong positioning in data center markets, where gross margins approach 50%. The report particularly notes growing demand from hyperscaler customers driving the AI revolution, with memory pricing trends expected to improve by year-end.
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