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Micron Technology – Buy

Micron Technology, Inc. – Common is under Algo Engine buy conditions and the share price is likely to be supported by immense growth for semiconductors in 5G and electric vehicles.

Micron’s revenue for the third fiscal quarter rose 36% to $7.42 billion, topping estimates of $7.24 billion.

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The chipmaker forecast fourth-quarter revenue of $8.2 billion.

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