Micron’s Meteoric Rise Fueled by AI Memory Boom

While much of the technology sector remains captivated by the narratives surrounding Nvidia and AMD, Micron Technology is orchestrating a remarkable ascent of its own. The American memory chip titan has surged 24 percent in a single month, achieving new annual peaks. This momentum is powered by High-Bandwidth Memory (HBM), a foundational technology without which the ongoing artificial intelligence revolution would stall. A wave of analyst upgrades is now sweeping through the market, prompting a critical question: Is Micron on the verge of a historic earnings leap?

Market experts are significantly revising their outlooks for Micron. Joseph Moore of Morgan Stanley has elevated his price target to $325, suggesting an upside Read more...