Jefferies initiates coverage of Micron (MU +4.4%) at Buy and SanDisk (SNDK -0.5%) at Hold,...

|About: Micron Technology Inc. (MU)|By:, SA News Editor

Jefferies initiates coverage of Micron (MU +4.4%) at Buy and SanDisk (SNDK -0.5%) at Hold, writing that both NAND and DRAM chips will benefit from a “benign” supply situation and the build-out of cloud computing facilities and the consequent adoption of SSDs. While SNDK is “undoubtedly the leader in NAND,” MU produces DRAM and NOR memory chips, not just NAND.