In what has been a successful year for the semiconductor sector, Micron (MU) can be considered almost an outlier. While the coronavirus has acted as a springboard for many chipmakers, Micron has struggled in the face of lower enterprise demand, reduced IT spending and unfavorable macro conditions, such as the US ban on major customer Huawei.However, over the past week Micron shares have been picking up steam, as the cyclical nature of the chip industry appears to be turning in its favor. Deutsche Bank analyst Sidney Ho certainly thinks so. The latest industry reports lead the analyst to believe the …read more
Source:: Yahoo Finance
