Micron Stock Pops on Memory-Chip Supply Shortage — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Micron stock popped this morning as memory-chip supply failed to keep pace with demand, per Barron's coverage of the move.
- Wall Street analysts cited by finance.yahoo.com and Seeking Alpha projected sharp upside, with one pro arguing roughly 110% gains are about to materialize and another saying the stock could easily double (NASDAQ:MU), reversing Micron's prior three-month slide.
Why it matters: A supply-demand mismatch in memory chips is the concrete catalyst named in the coverage, and the analyst upside projections (110% and a potential double) target investors weighing Micron after a three-month decline.
Ask SkimNews
