Micron Shares to Rise Further, Wedbush's Bryson Says

The transcript discusses management's insights on the DRAM and memory market, highlighting tightness in certain areas and a potential bottoming of the cycle. It covers CapEx strategies, emphasizing a conservative approach due to market uncertainties. The discussion also touches on memory chip pricing, driven by demand from gaming consoles and 5G handsets. Finally, it provides an outlook on Micron's share price, suggesting potential growth based on market cycles and gross margin expectations.

What is one of the key insights from management regarding the memory market?

• NAND pricing is expected to fall.

• CapEx investments are being increased rapidly.

• The current quarter is seen as the bottom of the memory cycle.

• DRAM prices are expected to rise significantly.

What is a major driver of demand in the NAND space?

• New gaming consoles moving from hard drives to SSDs.

• Shift from SSDs to hard drives in handsets.

• Decrease in 5G handset production.

• Increased use of hard drives in gaming consoles.

What is the first sign of recovery in DRAM pricing?

• Decrease in server DRAM contracts.

• Fluctuating server DRAM contracts.

• Stable server DRAM contracts.

• Increase in server DRAM contracts.

What is the price target for Micron's shares based on the analysis?

• $65

• $70

• $60

• $55

What assumption is the price target for Micron's shares based on?

• Gross margins in the mid 30 range.

• Gross margins in the mid 60 range.

• Gross margins in the mid 40 range.

• Gross margins in the mid 50 range.