$Micron Technology(MU)$ Micron-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Micron Technology(MU)$

Micron has become a volatile stock with a nearly 750% gain in the past 12 months. However, it could double from its current levels as booming memory demand driven by artificial-intelligence hardware moves it beyond its normal boom-and-bust cycle.

Data on memory contract prices showed some standard configurations of DRAM, or dynamic random-access memory, were up around 3% in June from the previous month, while NAND flash memory rose 2.4%

"While the industry is building out capacity in response to AI-driven DRAM/HBM demand, meaningful capacity is not expected until 2027, which still will not be meaningful enough to close the gap".

"Given the constrained supply environment, industry production discipline, and outsized data center demand for HBM and DDR5, we anticipate a continued strong demand and positive pricing trends through 2026 for both NAND and DRAM".

An Overweight rating and $1,600 target price on Micron stock.

Micron shares have risen more than 850% in the past 12 months.

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