Intel's CEO Just Gave Micron Technology Investors Great News
Memory prices could continue to rise next year.
Overview
Investors can sometimes get great news from unexpected places. While investors typically focus on a company's earnings reports and press releases when assessing a stock's potential, it's also worth paying close attention to what others in the industry are saying.
Micron Technology (NASDAQ:MU) is a great example of a company where it's arguably more important to determine what lies ahead amid the memory shortage than anything else; investors know the current results are going to be strong. The big question is: how long is the shortage going to drag on? Management will likely have a rosy forecast, but when others in the industry also have a promising outlook, that can be the confirmation investors need to remain bullish on the stock.
Details
Last week, Micron investors received terrific news from Intel (NASDAQ:INTC) CEO Lip-Bu Tan, who expects the memory shortage to be even worse next year.
Source
Originally published at www.fool.com.