- Micron Technology (MU +3%) shares are strong after positive comments emerge from a Jefferies investor day.
- MU believes it is unlikely to see the effect of recent declines in NAND contract prices reported by DRAMeXchange, Jefferies reports; MU also is seeing stable DRAM prices and is confident of continued stability in DRAM prices.
- The firm recommends buying MU "while investors are still not fully convinced of structurally positive fundamentals in DRAM and NAND"; it also offers favorable comments on AMD (AMD -1%), NXP Semiconductors (NXPI +2%) and Xilinx (XLNX +1.2%).
Micron rallies on positive Jefferies investor day comments
Aug 29 2013, 14:43 ET