Micron Zooms as Samsung Signals Tight DRAM, NAND Supply in 2018
Shares of Micron Technology (MU) are up $2.55, or 6%, at $44.20, after competitor Samsung Electronics (005930KS) reported Q3 results that indicated tight supply of DRAM and NAND flash chips will continue into next year, bolstering the prospect of high prices and profits for them and Micron.
My colleague Adam Routh had the details on Samsung’s results over on Asia Stocks to Watch, including a management shakeup, in which the company will maintain a structure of three chief executives, and president Sang-Hoon Lee will give up...
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