Micron Shares Surge as Analyst Forecasts Unprecedented Growth

A major Wall Street firm has ignited significant market interest by positioning Micron Technology as its premier investment selection. Morgan Stanley has not only designated the chipmaker as its “Top Pick” but has also substantially increased its price target by 48 percent. This dramatic reassessment stems from a powerful pricing surge in the memory chip sector that could potentially redefine the company’s profit trajectory.

The core of this bullish sentiment lies in the market for dynamic random-access memory (DRAM). Market researchers at Morgan Stanley have identified a rare and powerful trend: spot prices for DDR5 DRAM have tripled in just over a month. This accelerated pricing momentum for memory Read more...