WDC's NAND Commentary Bodes Well for Micron (MU) - Mizuho

Mizuho analyst Vijay Rakesh said Western Digital's comments on NAND should be a tailwind for Micron Technology (NASDAQ: MU).

WDC continues to see 2017 NAND in shortage, the analyst highlighted. "WDC noting its 64L TLC 3D NAND is now shipping in client devices, Rakesh commented. "It sees 64L-TLC 3D-NAND achieving cost cross over with 15nm/TLC planar NAND in 1H17. Nonetheless, WDC noting it sees significant 3D-NAND fab and equipment capex in the industry in 2017, but sees industry achieving 50% output bit cross over to 3D-NAND in 2018."

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