Buy Micron Stock Because Memory Chip Demand Will Rebound, Says J.P. Morgan

J.P. Morgan is optimistic on


Micron Technology


long-term growth potential—despite the current weak demand for the memory maker’s chips.

Micron


(ticker: MU) is a leader in the DRAM and NAND memory-semiconductor markets. DRAM stands for dynamic random-access memory, which is used in desktop computers and servers, while NAND is flash memory, found in smartphones and solid-state hard drives.