Analysts Bullish on Two Semiconductor Stocks: Micron Technology, Inc. (MU), NVIDIA Corporation …

Analysts from Sterne Agee and MKM Partners explain why they are bullish on semiconductor companies Micron Technology, Inc. (NASDAQ:MU) and NVIDIA Corporation (NASDAQ:NVDA). One believes that MU stock will recover despite a predicted weak earnings, believing DRAM trends will start to turn around, while the other cites several catalysts for Nvidia’s stock ahead of its upcoming analyst day and product launch. Micron Technology, Inc. Sterne Agee CRT’s top analyst Doug Freedman provided his insights on Micron prior to its Q2:16 earnings on Wednesday. The analyst’s main concern is a decline in DRAM pricing headwinds, which has plagued the company in recent quarters due to “continued demand softness caused by prolonged PC headwinds.” As a result, the analyst lowered his estimates for revenue and EPS for the next two quarters. However,…


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