JPMorgan analyst Harlan Sur says his firm raised its server DRAM outlook by 5%-6% in 2018 and 2019, which he views as positive for Micron Technology (MU). In 2018, server/cloud DRAM will overtake the PC segment to become the second largest end-market for DRAM behind mobile, Sur tells investors in a research note. This bodes well for Micron as server/cloud DRAM is the company's largest DRAM segment and profitability is higher, Sur tells investors in a research note. The analyst also believes cloud networking is driving higher levels of memory content and new cloud applications. Sur reiterates an Overweight rating on Micron with an $84 price target.