Micron Is a Buy, Despite a Few Rocky Months Ahead: Analyst

Micron Technology

is going to have a tough go in the coming few months, but investors should buy the chip stock for a rebound later this year, says Raymond James.

Micron

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