Micron Slump Deepens as AI Memory Boom Faces Skeptics
TL;DR Summary
Micron (MU) fell about 5% as investors weigh durable AI-memory demand against rising capital spending and potential peak-cycle risk; JR Research downgraded to Sell citing margin concerns, while the broader market remains constructive with a Strong Buy consensus and sizable upside driven by hefty capex and strong free cash flow.
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