MU MU Micron Technology, Inc. Loading... : Bullish and Bearish Analyst Opinions

China handset revenue bottomed in the June quarter and is expected to return to double-digit sequential growth in the September quarter, driven by normalised channel inventory. — This suggests the inventory correction in the Chinese smartphone market is ending, which will boost demand for memory and other components from suppliers like Micron.

Memory industry supply constraints and price increases for AI data centers are causing handset OEMs (especially in China) to reduce builds and draw down channel inventory, resulting in Qualcomm undershipping end demand by a material amount. — Memory supply tightness is distorting handset supply chains; when inventory normalization completes, Qualcomm's handset revenue should snap back to align with sell-through, potentially boosting future quarters.