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Micron's stock is going up because of low supply, better contracts, and a plan to buy back shares.

OpinionRead the original at Benzinga
Good for MU

Micron expects chip shortages through 2028, newer contracts carry higher prices, and a share repurchase is planned. Shares remain below their 20-day and 50-day average prices, but the supply and pricing news supports a positive read.

MU · Micron Technology Inc

AI read · Good for MU

The AI's read

That could let Micron charge more on future contracts. 14 of its 16 signed supply deals include pricing terms, and those contracts could cover 50% of sales if they reach their potential. Micron also approved a roughly $35 billion share repurchase, but the expected buying has not begun. Shares are below their 20-day and 50-day average prices. That says where the stock has traded, not whether supply or contract prices have changed.

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