Micron’s AI-Driven Surge: Capacity Constraints Fuel Optimism

The ongoing artificial intelligence revolution is delivering a powerful tailwind for memory chip specialist Micron Technology, with recent developments pointing to a sustained period of favorable market dynamics. Analyst upgrades, signals of tightening supply, and robust financial performance are converging to support the equity’s rally.

A key catalyst for the recent positive sentiment is an upgraded assessment from Bernstein Research. Market strategist Mark Li has reaffirmed his bullish stance, increasing the firm’s price target for Micron from $270 to $330. This revision is grounded in a view that the memory market is entering a phase of structural scarcity, which Bernstein has termed the “Great Memory Pivot.”

The insatiable demand Read more...