Micron Stock Soars to Record High on AI-Driven Demand Surge

Shares of U.S. memory chip giant Micron Technology have emerged as one of the technology sector’s strongest performers in recent months. The stock reached a fresh 52-week high on Friday, extending its remarkable year-to-date advance of 57 percent. Market experts suggest this impressive rally may still have significant room to continue.

Wall Street’s optimism toward Micron gained substantial momentum last week following a series of bullish analyst actions. New Street Research increased its price target to $170 from $145 while maintaining its buy recommendation on Friday. This move came just one day after Citigroup analysts captured market attention by raising their target to $175.

Citigroup’s strategists pointed to the ongoing memory market recovery as the foundation for their upgraded outlook.... Read more...