Raymond James analyst Srini Pajjuri maintains an Outperform rating on Micron Technology, Inc (NASDAQ:MU), despite expecting a potential revenue decline due to China's CAC decision. However, he believes the impact will be short-lived and anticipates a cyclical recovery starting in the second half of FY23. He also expects customer inventories to normalize by the calendar 4Q and predicts better supply discipline in the industry due to the current downturn.