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Micron Technology shares expected to rise on memory supply shortage outlook

The Motley Fool +1 · ·by G4L

MU Micron Technology Inc
$778.31 -2.52%
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  1. 1Micron Technology has recorded a stock price increase of nearly 350% over the past year.
  2. 2CEO Sanjay Mehrotra expects memory and storage supply and demand conditions in 2027 and 2028 to be much tighter than in 2026.
  3. 3TrendForce presented an expected HBM contract price increase of 70%-140% in 2027.

So what's the key point?

Micron Technology's memory products are expected to become scarce in the future. Experts anticipate that the prices of these products could rise by up to 140% in 2027.

Source The Motley Fool +1 · View original ↗

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