Why Micron Technology Stock Jumped on Tuesday
With the Trump administration recently adding Chinese smartphone-marker Xiaomi to a U.S. military blacklist, there have been concerns from some investors about how this could impact Micron, since Xiaomi is a customer of the semiconductor company. Rakesh believes Micron is well positioned for further improvement in its DRAM business thanks to capital expenditure spending discipline and increased handset-server demand. The analyst's comments confirm sentiment from Micron CEO Sanjay Mehrotra in the company's fiscal first-quarter earnings call on Jan. 7.
