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Ahead of Apple's Big iPhone 8 Launch, There Is Little to Be Seriously Concerned About With Micron

With Micron Technology Inc.'s (MU) shares up 43% in 2017 and over 200% from their early-2016 lows going into earnings, the bar was certainly set pretty high for the memory giant. And considering the memory industry's historical volatility, it's tough to fault those who aren't enthusiastic about any outlook that falls short of the kind of blowout guidance Micron delivered in March.

That said, Micron's May quarter results and August quarter guidance provided little to be seriously concerned about. The company's numbers do suggest that the DRAM industry won't see the kind of massive price gains it witnessed during the first half of 2017 during the second half of the year. But they also suggest that DRAM and NAND flash memory supply growth remains controlled, and that demand is healthy ahead of a pending iPhone 8 and 7S ramp -- especially for some higher-margin products.

This column originally appeared on Real Money, our premium site for active traders. Click here to get...


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