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Micron $MU reports earnings after the close on Tuesday, one of the last for 2017.  Micron shores have soared from explosive growth in DRAM and NAND memory as machine learning and cryptocurrencies took off.  

 micron dram

Micron Dram Wafer, Bullish Demand and Prices for 2018?

Earnings consensus forecast for the fiscal second quarter is $2.19 in EPS on $6.41 billion in revenue. Estimize expects revenue of $6.44 billion. Analysts expect DRAM sales to rise 76% to $4.23 billion, and NAND sales to rise 54% to $2.01 billion.

Micron, like NVidia has been volatile as you would expect being major stocks in the nasdaq index but also major benificiaries of the cryptocurrency phase. Micron has also been a major player in other technology hotbeds in 2017 such as machine and deep learning. MKM was out with a report saying DRAM and NAND trends were solid for 2018. 

MKM Partners has a buy rating and raised its his price target to $54 from $52 last Thursday. MKM analyst Ruben Roy said he expects DRAM demand to remain strong. Roy noted "Our latest supply chain checks indicate positive DRAM ASP trends continued in MU’s November quarter driven by robust server demand and improving mobile demand. The server market accounted for 30% of MU’s DRAM revenue in the August quarter. Specific to MU, we are modestly increasing our ASP assumptions for DRAM to +5% from +3% in the November quarter and to +3% from flat in the February quarter.

Memory prices have been levelling off, which has also seen both $NVDA and $MU pull back from lofty levels, this is to be read in with analyst's like MKM optisim. What we do know going back five quarters has reported blow out numbers. Will this change? With Micron the question investors have been dealing with has that boom already peaked?

$MU closed Friday at $42.40and has a 52-week range is $20.19 to $49.89

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