5 AI Stocks That Will Skyrocket

3. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holdings: 137

Financial firm Wedbush discussed Micron Technology (NASDAQ:MU)’s shares on March 13th. It raised the share price target to $500 from $300 and kept an Outperform rating on the stock. Channel checks in the Chinese industry drove the action, as Wedbush pointed out that Micron Technology (NASDAQ:MU) could continue to perform well since the channel checks did not signal any demand slowdown. It added that rising NAND and DRAM could also help the firm’s margins.

Wedbush’s action came a day after Mizuho had discussed Micron Technology (NASDAQ:MU)’s shares. On the 12th, Mizuho kept an Outperform rating and a $480 share price target. The technology company’s upcoming earnings drove Mizuho’s coverage as it pointed out that Micron Technology (NASDAQ:MU) could post $25 billion in revenue and $11.13 in earnings per share. Like. Wedbush, the bank pointed out that higher NAND and DRAM prices could help the memory manufacturer. Other factors that Mizuho noted included higher demand for HBM3e memory products and strength in the LPDDR5 business due to strong demand from NVIDIA’s Rubin chips.

Micron Technology (NASDAQ:MU) is a memory chip manufacturer that makes and sells products such as HBM, NAND, and DRAM.