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Based on the average brokerage recommendation (ABR), Micron (MU) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric.
Meta Platforms' focus on AI could accelerate the company's advertising business. Micron Technology may benefit from stronger demand in the memory market.
Recently, Zacks.com users have been paying close attention to Micron (MU). This makes it worthwhile to examine what the stock has in store.
The reason to avoid it has nothing to do with financials.
Will the adoption of AI make the semiconductor market less cyclical?
Missed out on the tech rally in early 2023? Don't worry, these still-affordable stocks are here to help you catch up.
We remain bullish on Micron and believe long-term investors should start looking for entry points into the stock. We expect MU provides a favorable risk-reward profile as we believe DRAM demand weakness and customer inventory correction should be washing out toward 2H23.
Micron (MU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Micron (MU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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