BofA Doubles Down on Micron Ahead of Earnings — SkimNews
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- Bank of America doubled down on its Micron position ahead of the chipmaker's upcoming earnings report.
- Sibling coverage frames Micron's rally as driven by a tightening memory market, with Barron's projecting up to 50% further upside and Trefis arguing the move is justified by the supply shortage.
Why it matters: Bank of America's pre-earnings endorsement adds institutional credibility to the bull case already being built around memory supply tightness, though the magnitude of Micron's potential further upside (Barron's cites 50%) hinges on results validating the shortage thesis.
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