Micron Technology’s Q2 Preview
<p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/MU'>Micron Technology, Inc. (NASDAQ:MU) </a>ahead of the company’s Q2 earnings report, expecting it to post mostly in-line results and upside to Q3 guidance. </p>
<p>Several macro events in recent weeks have led to more uncertainties on both the supply and demand sides. While key semiconductor/semicap equipment companies suggest there is minimal concern regarding availability of key raw materials, there are increasing uncertainties related to the sustainability of demand in smartphone/PC driven by rising inventories and increased macro volatility. In addition, IC supply shortages and higher logistics costs remain headwinds. </p>
<p>While the analysts acknowledge the increasing uncertainties, with the company’s shares pulling back around 15% year-to-date despite an improving pricing outlook, they believe the risk-reward is favorable, and they maintain their Buy rating.</p>

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