Micron Q3 Earnings Preview: Stronger Than Expected Memory Recovery, Micron Remains A Buy

I initiated coverage of Micron Technology, Inc. (NASDAQ:MU) following Q2 earnings, calling it a blowout report. Today, I'm following up and reiterating my Buy rating on strong pricing dynamics in the memory industry. The market heavily rewarded Micron after fiscal Q2, given the surprisingly strong HBM performance and early return to profitability. Following the Q2 report, I wrote I am now much more bullish on Micron's medium-term outlook. The growth story here is compelling as long as you believe demand for ...