Micron Technology Inc. shares were outpacing the broader chip sector Monday as one analyst upgraded the memory-chip maker’s stock owing to what appears to be an earlier-than-expected uptick in demand.
While the memory market has been weak lately, Deutsche Bank’s Sidney Ho thinks artificial-intelligence servers are helping provide a lift, in what bodes well for Micron’s stock. He upgraded it Monday to buy from hold, writing that “inflecting fundamentals mark the start to the upcycle” in the memory-chip market.
Ho…
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