Shares of semiconductor companies Micron Technology (MU) - Get Report and Everspin (MRAM) - Get Report were both climbing higher during Monday morning trading after Stifel Nicolaus analyst Kevin Cassidy reiterated "Buy" ratings on each stock.

Shares of Micron were higher over 4%, while shares of Everspin were spiking over 7.7%, as Cassidy notes bullish trends among suppliers of NAND memory chips, after attending the Flash Memory Summit conference in Santa Clara, Calif. last week. 

Trends encompassing solid-state NAND memory chips combined with "non-volatile" memory parts are "increasing the importance of memory to overall system performance," while illustrating how data centers are starting to "transition from CPU-centric systems to data-centric systems," Cassidy wrote in a note obtained by Barron's.

While the news is good for both Micron and Everspin, Cassidy pointed out that the trends stand to negatively impact both Intel (INTC) - Get Report and Advanced Micro Devices (AMD) - Get Report  .

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