Micron earnings prove the doubters wrong again

Opinion: Memory chip maker’s stock gains after it combats every doomsday scenario with results and forecastBloomberg News/Landov”The industry we operate within is structurally different than in the past,” Micron Chief Executive Sanjay Mehrotra said Wednesday. Micron Technology Inc. once again countered all the doubts surrounding the stock Wednesday, as executives forcefully contended that the current strength in memory markets is not just a cyclical upturn. Micron (MU)*on Wednesday reported strong profit and sales gains with a forecast that showed confidence that demand for memory chips will continue, along with higher prices of those components.

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