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Analysts Boost Micron (MU) Price Targets as AI Demand Drives Growth

Micron Technology, Inc. (NASDAQ:MU) is one of the best affordable AI stocks to buy now. On December 12, Stifel raised its price target on Micron (NASDAQ:MU) to $300, up sharply from $195, and reiterated its Buy rating. The firm pointed to accelerating demand for AI infrastructure as a key inflection point for the industry, noting that memory pricing has strengthened heading into year-end.

Stifel expects Micron to post solid results for fiscal first-quarter earnings, followed by a constructive outlook for the second quarter. According to the firm, improving profitability and more efficient bit production, combined with supportive market conditions, position the company well for continued momentum.

On December 12, UBS raised its price target on Micron Technology to $295 from $275 while keeping a Buy rating, citing strong momentum in DRAM and NAND pricing. UBS now expects DDR prices to rise 35% in Q4 2025 and NAND up 20%, with further gains projected into early 2026. Customers, including major cloud providers, are locking in multi‑year contracts through 2028 amid tight supply, and UBS estimates Micron’s EPS could reach $38 by 2027, reflecting continued robust demand and growth.

In a separate update, Micron announced on December 3 that it plans to wind down its Crucial consumer brand by February 2026 as it shifts its focus toward enterprise and commercial markets. The decision aligns with Micron’s broader push to support AI-driven data center demand and deepen relationships with key customers. Warranty support for existing Crucial products will continue, and affected employees will be reassigned where possible, reinforcing the company’s long-term focus on growth and innovation in memory and storage technologies.

Micron Technology, Inc. (NASDAQ:MU) is a key player in AI infrastructure, delivering advanced memory and storage solutions for artificial intelligence workloads. Its portfolio includes high‑performance DRAM, NAND, and NOR products that power data‑intensive applications across industries.

While we acknowledge the potential of Micron Technology, Inc. (NASDAQ:MU) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MU and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 15 Best Biotech Stocks to Buy According to Wall Street Analysts and 9 Cheap Oil Stocks Under $10 to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Wall Street calls this $3 stock a “Melting Ice Cube.” They said the same thing about BTI before it returned 90%.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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We alerted our subscribers, and BTI returned 90% in just 16 months.

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Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

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