NEW YORK, NY / ACCESSWIRE / May 17, 2018 / Shares of both Micron Technology and Advanced Micro Devices saw a boost in share price on Wednesday after optimistic remarks from analysts. Micron was given an $80 price target from an RBC analyst who initiated coverage on the stock. Advanced Micro Devices soared higher after Susquehanna analyst Christopher Rolland lifted his ?sell? rating on the stock to ?neutral.?

RDI Initiates Coverage on:

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

Advanced Micro Devices, Inc.
https://www.rdinvesting.com/report/?ticker=AMD

Micron Technology, Inc. shares closed up 4.61% on almost 56 million shares traded yesterday. Shares saw a gain after analyst Amit Daryanani of RBC initiated coverage on the stock and gave it an "outperform" rating as well as a price target of $80. According to Daryanani, the sharp reduction in the number of competitors allows for a "sensible pricing environment." He also noted that "As capital intensity has increased, the risk of oversupply has materially diminished." He wrote, "Our bullish bias on Micron is predicated not on there being no more cycle but rather on our belief that the cycle(s) going forward will be more muted and less volatile. Micron offers a unique way for investors to gain exposure to DRAM and NAND markets at what we view as attractive valuations.? In the last twelve months, shares of Micron have gained over 90%.

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

Advanced Micro Devices, Inc. shares closed up almost 3% on Wednesday with a little under 70 million shares traded. The stock saw a boost after it received an upgrade by analyst Christopher Rolland of Susquehanna. According to Rolland, there is a mended outlook for cryptocurrencies. He also cited the company's better than expected earnings. He had downgraded AMD at the end of March but has now raised the stock's rating from "sell" to "neutral" and upped his price target to $11 saying 'a lot could change in two months'. Shares of AMD have seen gains of over 30% since the company reported first quarter results on April 25th. Rolland was concerned over the company's reliance on Ethereum-related GPU shipments which led to his downgrade, but Ethereum has seen a price hike. He wrote, "For the first time in memory, AMD will compete at a similar process technology as Intel, a strong multiyear tailwind. He also wrote, "A more competitive process technology may increase the likelihood of accelerated share gains versus Intel over the next few years, a potential game-changer."

Access RDI's Advanced Micro Devices, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=AMD

Our Actionable research on Micron Technology, Inc. (NASDAQ: MU) and Advanced Micro Devices, Inc. (NASDAQ: AMD) be downloaded free of charge at Research Driven Investing.

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