Micron Technology Inc. investors risk getting ahead of themselves with too much optimism about the rest of the year.
“We have seen early signs of bit-demand recovery in most DRAM [dynamic random access memory] end markets,” Sanjay Mehrotra, Micron’s president and chief executive, told analysts on a conference call. “Based on our assessment of customer inventory improvement, we anticipate robust bit-demand growth for the industry in the second half of the calendar year compared to the weak demand in the first half.
In addition, Mehrotra said in the important data-center market, “cloud customers are turning the corner on inventories and most are approaching normal inventory levels.”
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