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Micron Stock Surges on Analyst Optimism Over Memory Chip Demand
Micron Stock Surges on Analyst Optimism Over Memory Chip Demand
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BTCCSquare news:
Micron Technology shares rallied 5.4% as Wall Street firms escalated price targets, citing structural advantages in memory chip markets. Wolfe Research and Susquehanna initiated the momentum with bullish DRAM and NAND flash commentary, while Wedbush's $200 target cemented the narrative.
The semiconductor manufacturer's high-bandwidth memory products are gaining traction in AI infrastructure builds. Analysts note pricing resilience across product lines, with HBM margins potentially exceeding previous cycle peaks. Current valuations at 10x forward earnings appear conservative given improving gross margin trajectories.
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