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Micron Tech Gains Are Fading Even as Most Analysts Lavish Praise


Photographer: Tomohiro Ohsumi/Bloomberg

Micron Technology Inc. fell as much as 2% premarket Thursday, after surging 8% on Wednesday when it raised its revenue forecast for the current quarter, citing strong chip demand from cloud providers. Analysts applauded the improved guidance and BofA analyst Simon Woo wrote that Micron’s CEO indicated it was seeing stronger chip demand and better average selling prices, helped by the remote-work economy.

Here’s more of what analysts had to say: