The Floor Under Micron’s Worst Case Is Written Into Its Contracts, Not Memory Prices - Trefis

What the report says

The take-or-pay agreements that bears read as a cap on upside are the same ones that put a priced floor under Micron's worst case. Micron Technology (MU) stock has returned nearly 700% over the past year and still trades at about 77% of its 52-week high.