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DRAM Contract Prices Surge 18.5% Overnight (MU) - RBC Capital

March 19, 2013 11:54 AM EDT

Despite seeing an impressive 46 percent YTD surge, Micron Technology (NASDAQ: MU) could continue to outperform given DRAM prices ramp higher.

Overnight, DRAM Contract prices shot-up 18.5% to $1.28, RBC Capital analyst Doug Freedman noted. Meanwhile spot pricing remained flat. Spot pricing is now running +34% ahead... More