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One More Reason to Buy Micron Technology Stock

Micron Technology (NASDAQ:MU) investors are likely worried after the company announced that its business will take a hit on account of lower information technology (IT) infrastructure spending and restricted shipments to Huawei.

Management’s guidance for the current quarter was muted, sowing seeds of uncertainty about the direction the memory market might take in the coming months. But the memory specialist is sitting on lucrative tailwinds such as the growth of 5G wireless networks that could help the company regain its mojo. And now, Micron investors can count on another potential boost in the form of a rebounding PC (personal computer) market.

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The PC market is showing signs of life

PC sales have increased lately as the coronavirus pandemic has forced people to remain indoors, triggering a shift toward remote working and online education. According to Gartner, PC shipments in the third quarter

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Global Semiconductor Sales Rise YoY in July: 5 Stocks to Buy

Global sales of semiconductors rose year over year in July, according to the Semiconductor Industry Association (SIA). The global semiconductor industry, which plays a key role in the high-growth technology space, has been relatively less battered by the coronavirus pandemic.

Moreover, with the economy reopening, sales of smartphones rebounding in markets like China and more people spending time on their mobile phones, the semiconductor industry might stand to benefit in the near term.

Global Semiconductor Sales Increase YoY

Worldwide sales of semiconductors increased 4.9 % in July to $35.2 billion from $33.5 billion a year earlier. Also, sales in July were 2.1 % higher than the June total of $34.5 billion. Moreover, sales in the Americas remained strong in July, increasing 26% year over year, with improvement seen globally in both memory and non-memory products.

Regionally, sales increased on a year-over-year basis in the Americas (26.3%), China (3.5%) and Asia

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