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Credit Suisse says buy Micron shares because they're 'extremely cheap'

Tae Kim

Credit Suisse reiterates its outperform rating for Micron shares, citing the company's attractive valuation. “Unless the world begins to create less data and/or data becomes less valuable – memory will continue to grow in importance relative to compute architectures,” the firm's analyst John Pitzer says. Credit Suisse believes the recent dip in Micron MU shares is a good buying opportunity.