UBS's note out yesterday says MU will eventually buy back a large chunk of stock, but the tone says don't hold your breath on timing. Bigger read: MU's telling them demand has strengthened further since last earnings and margins on HBM are set to increase. That's fresh fuel for the bull case the options crowd's already been chasing all week with those $1000 calls.
Aggregated and distilled by Two Sentence Traders. Not financial advice.