Here's how Micron's stock can hit $500, according to Deutsche Bank

Core Viewpoint - Micron's stock has experienced a decline due to competitive concerns, but a Deutsche Bank analyst believes the company is positioned to benefit from an upcoming memory boom that remains largely unrecognized by many investors [1] Group 1 - Micron's stock performance has been negatively impacted by competitive pressures in the market [1] - The potential for a memory boom is highlighted, suggesting that the market dynamics may shift favorably for Micron in the near future [1] - The analyst's perspective indicates that the memory boom is not fully understood by a significant portion of the investment community, presenting an opportunity for informed investors [1]