Reported 10 months 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