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Story summary
- Micron shares rose 4% after Bank of America analysts said customers are locking in memory supply with multi-year contracts.
- Analyst Vivek Arya kept a Buy rating and a $1,550 price target on Micron stock.
- Arya said longer contracts could give Micron clearer demand visibility and smooth historic pricing swings.
- The Roundhill Memory ETF climbed to $48.91, outpacing the S&P 500 ETF, which rose 0.65% to $764.93.