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Micron’s $338 Target: The AI Memory Supercycle Is Just Starting

Investing.com Logo Investing.com By Jeffrey Neal Johnson
Micron’s $338 Target: The AI Memory Supercycle Is Just Starting

Morgan Stanley raised Micron's price target to $338, signaling strong confidence in the company's potential during the AI-driven memory supercycle, driven by high demand for High-Bandwidth Memory (HBM) in AI infrastructure.

Insights
BAC   neutral

Mentioned as lowering price target for D.R. Horton, indicating cautious market outlook


MU   positive

Strong financial performance with 49% revenue increase, gross margin expansion from 22% to 41%, and strategic positioning in AI memory market with Data Center business now representing 56% of total revenue