Cyclical DRAM Play and AI-Driven Shifts: Analyst Eyes Micron Technology's Potential for 2024
Portfolio Pulse from Anusuya Lahiri
Rosenblatt analyst Hans Mosesmann expects Micron Technology's (NASDAQ:MU) earnings to align with expectations this Wednesday. He predicts a 10% impact on August sales due to China's restrictions on Micron memory in specific infrastructure segments. The analyst is positive on MU's potential for 2024 due to the cyclical DRAM play and AI-driven shifts in the semiconductor industry.
June 26, 2023 | 5:03 pm
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Micron Technology's earnings are expected to align with expectations, with a 10% impact on August sales due to China's restrictions. The analyst is positive on MU's potential for 2024 due to the cyclical DRAM play and AI-driven shifts in the semiconductor industry.
The analyst's positive outlook on Micron Technology's potential for 2024 is based on the cyclical DRAM play and AI-driven shifts in the semiconductor industry. The expected alignment of earnings with expectations and the market's anticipation of industry stabilization in supply and demand for the latter half of the year serve as buy indicators, which could lead to a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
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