Reported about 1 year ago
Analysts have revised their price targets for Micron Technology in anticipation of the company's upcoming quarterly report. Micron is transitioning into the AI sector with the development of a new semiconductor supporting generative-AI applications in collaboration with Nvidia. The company's CEO, Sanjay Mehrotra, highlighted Micron's return to profitability and positive operating margins, with analysts expecting adjusted earnings of 45 cents a share on sales of $6.6 billion for the third quarter. Several analysts, including Bank of America Securities and Cantor Fitzgerald, raised their price targets for Micron, anticipating strong performance driven by rising high-bandwidth-memory market share and increased demand for DRAM to support AI applications on PCs and smartphones.
Source: YAHOO