Micron Technology Eyes Trillion-Dollar Valuation Amid AI Memory Boom
Micron Technology is experiencing an unprecedented surge, with some analysts projecting a $1 trillion valuation that could make it the 6th-largest public company. This growth is fueled by record Q3 earnings, strong AI data center demand, and a series of new deals and take-or-pay contracts. CEO Sanjay Mehrotra noted that the scale of the AI memory boom surpassed even the expectations of the company's own customers, prompting a $200 billion investment strategy. While the stock has seen massive gains—including a 232% jump this quarter—volatility remains. Despite hitting new all-time highs, the stock experienced a significant pullback in July. However, many Wall Street analysts, including those from Deutsche Bank, have reset their price targets upward, citing DRAM supply tightness and strong…
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Here are Wednesday's biggest analyst calls: Nvidia, Tesla, Netflix, Broadcom, Micron, Lyft, AMD, Figma & more
Here are the biggest calls on Wall Street on Wednesday. Bernstein initiates GE Vernova as outperform Bernstein says the stock has plenty of upside. "US gas has the opportunity to displace coal ...
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