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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%Dec 5 4:00 PM EST
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From: JCnieuwenj8/13/2019 3:23:34 AM
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Micron sees meaningful demand recovery - presentation

Micron (NASDAQ:MU) gains 1.5% after a management presentation at the KeyBanc Technology Leadership Forum.

The company says that inventory is still high but demand is returning in a fairly meaningful way, driven by cloud and graphics.

Micro sees pockets of tight supply with certain DRAM and NAND customers.

MU will remain cautious on costs and capex, but says gross margins are healthy despite the downturn.

seekingalpha.com
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