![JP Morgan says buy Micron on rising cloud computing demand for its chips](https://i.comentr.com/j9domER6_vgYFJbey96T4LmzSNg_tam.jpg)
JP Morgan says buy Micron on rising cloud computing demand for its chips
https://www.cnbc.com/2018/07/26/jpm-says-buy-micron-on-rising-cloud-computing-demand-for-its-chi.html
Micron chip sales will increase later this year as companies increase their technology spending budgets, according to J.P. Morgan.
The firm reiterated its overweight rating for the company's shares, predicting strong demand for its memory chips from cloud computing vendors.