DRAM Market Remains a Gold Mine for Micron and its Peers; Raising FVE to $40
Micron reported strong fiscal third-quarter results consistent with its updated guidance from its analyst day on May 21, driven by a favorable pricing environment in both DRAM and NAND. We think the firm is well-positioned to benefit from greater memory and storage needs in cloud computing, artificial intelligence, the Internet of Things, automotive, the shift from HDDs to SSDs, and content increases in smartphones. However, we do not foresee the current favorable supply/demand dynamics and rati...Micron Technology provides memory and storage solutions. The company's portfolio of memory and storage technologies include Dynamic Random Access Memory, Not And, 3D XPoint? memory, and Not Or. The company's segments are: Compute and Networking Business, which includes memory products sold into client, cloud server, enterprise, graphics, and networking markets; Mobile Business, which includes memory products sold into smartphone and other mobile-device markets; Storage Business, which includes Solid-State Drives and component-level solutions sold into enterprise and cloud, client, and consumer storage markets; and Embedded Business, which includes memory and storage products.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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