Micron Stock Prediction: Battered Micron Is A Cheap Bet That The DRAM Industry Will Eventually Recover
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.
- Oversupply has caused DRAM prices to plummet this second half of 2015.
- Micron’s -55% YTD drop is understandable since two-thirds of its revenue comes from DRAM sales.
- I opine that cheaper DRAM modules could be negated by higher volume purchases from PC and mobile device manufacturers.
- Most new computers now come with a default load of 4GB of RAM. Mid-range $300 smartphones now also come with 4GB of RAM.