Micron Technology (NASDAQ:MU) shares gained nearly 6% in early trading on Wednesday as Wall Street analysts acknowledged the downturn for the semiconductor company has been deeper than expected, but a recovery is approaching. Barclays analyst Tom O'Malley, who has an overweight rating and $70 per-share price target on Micron (MU), noted the "persistent" weakness in several end markets has pushed the recovery out and resulted in lower book value for Micron (MU), but it is "well positioned," especially as the data center improves. "We think the stock works despite the reset number and the name plays into the AI theme...