Reported 8 months ago
Bank of America increased Micron Technology's price target, naming it the top U.S. memory chipmaker, due to growing demand for artificial intelligence (AI)-powered devices. The bank raised Micron's sales and earnings per share forecasts for 2025 and 2026, attributing the optimism to the rising need for AI in personal computers and the Edge AI market. Micron's stock traded at a record high following the price target upgrade, with shares up 2.4% to $144.79 and a year-to-date increase of nearly 70%.
Source: YAHOO