Reported 14 days ago
Shares of Micron Technology, Seagate Technology, and Western Digital surged following bullish price-target adjustments from Wall Street analysts, driven by increasing demand for AI and ongoing shortages in data storage. Despite a generally down market, these companies are positioned for growth as they cater to the booming AI industry. Micron, buoyed by a record high valuation, is seen as likely to benefit from upcoming contracts with major AI firms, while Seagate and Western Digital are expected to maintain stronger pricing and margins due to supply constraints. Overall, analysts remain optimistic about these stocks' potential.
Source: YAHOO