Stock Forecast Based On a Predictive Algorithm | I Know First |October 2017 - Page 30 of 30 - Stock Forecast Based On a Predictive Algorithm

AMAT Stock Forecast: AMAT Delivers Best Quarter in its 50-Year History and It Is Just The Beginning

The article was written by Aline Rzetelna, a Financial Analyst at I Know First.

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The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Micron’s stock posted a new 52-week high price of $38.46 on September 28.
The big beat on Q4 ER numbers last September 26 is fueling a bull rush for Micron. I am betting MU can hit $42 before 2017 ends.
The short supply and high prices for DRAM and NAND will persist to 2018. Micron therefore has more upside potential. DRAM accounts for 66% of Micron. NAND is 30% of revenue.
An iPhone 8 Plus teardown confirmed that Apple is still using Micron mobile DRAM.
Micron is also a beneficiary of the high prices and tight supply of discrete GPUs caused by crypto-currency mining.