Micron Stock a Buy at Rosenblatt 
<p>Rosenblatt analysts reaffirmed their Buy rating and a $100 price target for <a href='https://financialmodelingprep.com/financial-summary/MU'>Micron Technology (NASDAQ:MU)</a>. The analysts anticipate that Micron will report August quarter results in line with expectations, accompanied by guidance supporting modest single-digit sequential sales growth. They noted that the company is experiencing gradual improvements in bit demand and stable DRAM/NAND ASPs, which are offsetting challenges related to China's "CAC" (Common Alternating Current) restrictions.</p>
<p>The analysts observe that cuts in industry capital expenditures (CapEx) and wafer starts are beginning to affect the supply-demand balance, with the potential for demand to surpass supply in late 2023. This shift is driven by the scaling of newer AI-centric segments and reduced inventory digestion headwinds in broader demand.</p>
<p>The analysts are optimistic about Micron's prospects in 2024 due to significant growth in memory content, driven by the expansion of AI, which relies on increased memory capacity and speed. </p>

NASDAQ:MU