NEW YORK, NY / ACCESSWIRE / June 18, 2018 / Intel and Micron Technology were both fairly flat in Friday trading. Intel researchers are now testing a tiny new 'spin qubit' chip according to a press release last week. It is the tiniest quantum computing chip that Intel has made. Micron started the month of May with an "overweight" rating by Morgan Stanley and by the end of the month was downgraded to "equal-weight" after the stock ran up high for 3 weeks and analyst Joseph Moore cited it was too expensive now.

RDI Initiates Coverage on:

Intel Corporation
https://rdinvesting.com/news/?ticker=INTC

Micron Technology, Inc.
https://rdinvesting.com/news/?ticker=MU

Intel Corporation shares closed down a modest 0.77% on about 27.3 million shares traded. Intel announced last week that researchers at the company are taking new steps towards quantum computers and are testing a "tiny new 'spin qubit' chip." It's the smallest quantum computing chip the company has made so far. According to the company's press release, "The new spin qubit chip runs at the extremely low temperatures required for quantum computing: roughly 460 degrees below zero Fahrenheit ? 250 times colder than space. The spin qubit chip does not contain transistors ? the on/off switches that form the basis of today's computing devices ? but qubits (short for "quantum bits") that can hold a single electron. The behavior of that single electron, which can be in multiple spin states simultaneously, offers vastly greater computing power than today's transistors, and is the basis of quantum computing." One of the most exciting things about the new spin qubit chip is that 1,500 qubits could fit across the diameter of a single human hair.

Access RDI's Intel Corporation Research Report at:
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Micron Technology, Inc. shares closed down 1.61% on about 41.2 million shares traded on Friday. It was in early May that Morgan Stanley analyst Joseph Moore reiterated an "overweight" rating on the stock and a $65 price target. The analyst at the time said he believes there will be strong memory demand from cloud companies. By the end of the month, the stock jumped to $64.66 after which the analyst lowered its "overweight" rating to "equal-weight" and said the stock was too expensive at these levels. Shares of Micron had seen an increase of 40% in just three weeks which made analyst Moore say that he sees "storm clouds on the horizon." Moore noted, "After being bullish on memory for the last two years, we are moving to a neutral stance. DRAM remains strong but looks priced in as MU is very close to our PT. We would rather err on the side of caution in an environment where we can see storm clouds on the horizon."

Access RDI's Micron Technology, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MU

Our Actionable Research on Intel Corporation (NASDAQ: INTC) and Micron Technology, Inc. (NASDAQ: MU) can be downloaded free of charge at Research Driven Investing.

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