- Micron shares have doubled in value over the past few months, but the rally may still continue.
- NAND prices have risen by about 13% since August, with another 6% increase projected to occur before 2016-end.
- The chipmaker could report a significant margin expansion over the next few quarters.
Let me start by saying that Micron has exposure to broadly two types of memory segments – NAND and DRAM. I’ve already covered in detail how
We saw over the last year how prominent memory majors slashed their DRAM output to ramp up their NAND production. And we also saw that Samsung Note 7, which was projected to have sales around 19 million units for 2016, was discontinued due to its battery issues. So there was essentially a significant increase in NAND supply this...