Secretive Hedge Fund Urged by Tech Icon to Build Massive Stake in Micron (MU); Stock Could Be Worth $64

Sun Microsystems co-founder Bill Joy pushed secretive hedge fund Water Street Capital to build a large stake in Micron Technology (NASDAQ: MU) and thinks the stock can trade as high as $64, or almost 70 percent above current levels, Bloomberg News reported earlier. Joy recently joined the firm.

Joy said the company's main product is set for a sustained boom without the wild swings in supply/demand witnessed in the past.

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