$MU
UBS reaffirms Buy rating, price target $1,625.
Their view: long-term earnings power and memory pricing discipline matter more than short-term margin pressure or capacity worries.
Classic setup—Wall Street gets anxious about quarterly noise while the structural story stays intact. Memory cycles are brutal, but when supply discipline holds and AI demand keeps climbing, the math eventually works.
UBS reaffirms Buy rating, price target $1,625.
Their view: long-term earnings power and memory pricing discipline matter more than short-term margin pressure or capacity worries.
Classic setup—Wall Street gets anxious about quarterly noise while the structural story stays intact. Memory cycles are brutal, but when supply discipline holds and AI demand keeps climbing, the math eventually works.