Micron Says 5G Phones Will Have Giant Memories, Reports Needham. It Rates the Stock at Buy.
By Bill Alpert
May 26, 2020 7:51 am ET
Your 5G phone will have a huge memory. That was the tip from chip maker Micron Technology, in a late Friday update on its mobile business.
Along with memory-chip usage in data centers, a 5G-related jump in phone sales and memory content are the main reasons behind Micron’s Buy rating at Needham & Co., which sees 40% upside for the stock (ticker: MU).
Micron Says 5G Phones Will Have Giant Memories, Reports Needham. It Rates the Stock at Buy.
By Bill Alpert
May 26, 2020 7:51 am ET
Your 5G phone will have a huge memory. That was the tip from chip maker Micron Technology, in a late Friday update on its mobile business.
Along with memory-chip usage in data centers, a 5G-related jump in phone sales and memory content are the main reasons behind Micron’s Buy rating at Needham & Co., which sees 40% upside for the stock (ticker: MU).