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Episode 68: Micron Confirms the PC and Smartphone Market Growth Is Back, 1 Memory Chip Stock We Like More (SIMO)
Micron Technology (MU) provided an update to its current quarter’s financial guidance, indicating that growth in the PC and smartphone market is making a comeback after over a year of a terrible downturn. Micron’s expected rise in sales could bode well for this large part of the chip industry. However, Micron is still operating deep in the red, and the stock price rally this year is pricing in much of the 2024 expected recovery. Chip Stock Investor discusses one memory chip stock they like even better than Micron right now: Silicon Motion Technology (SIMO), a leader in flash memory…
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