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Analysts Stay Bullish on Micron Technology (MU)

Micron Technology, Inc. (NASDAQ:MU) is one of the 15 Best Aggressive Growth Stocks to Buy Right Now. On November 10, Mizuho analyst Vijay Rakesh reiterated an Outperform rating on Micron Technology, Inc. (NASDAQ:MU) with a price target of $265. This update came after virtual meetings with the company’s executives, including CFO Mark Murphy.

Rakesh pointed out that demand for high bandwidth memory (HBM) looks strong through 2026 and 2027. The analyst also noted that around 40% of Micron Technology, Inc.’s (NASDAQ:MU) DRAM business could see improvements in revenue and margins in the February quarter because of strong pricing trends.

Mizuho is also optimistic about Micron Technology, Inc.’s (NASDAQ:MU) HBM roadmap, which includes AI-specialized HBM4e, custom HBM solutions, and in-memory computing capabilities. These should lead to an increase in DRAM content and an improvement in pricing.

The firm’s analyst noted that in the NAND flash memory business, capital expenditure is disciplined while AI server demand grows for QLC enterprise solid-state drives (eSSDs). Rakesh also noted that the supply of hard disk drives (HDDs) is tight.

Previously, on November 7, Wells Fargo analyst Aaron Rakers increased the price target on Micron Technology, Inc. (NASDAQ:MU) from $220 to $300 and kept an Overweight rating after hosting meetings with the company’s CEO, Sanjay Mehrotra and Executive Vice President of Global Operations, Manish Bhatia.

The research firm said these meetings confirmed its positive view of Micron Technology, Inc.’s (NASDAQ:MU) execution and strong market position as well as the memory industry outlook.

Micron Technology, Inc. (NASDAQ:MU) is a leading semiconductor technology company that is known for its innovative memory and storage solutions. The company offers a portfolio of high-performance DRAM, NAND, and NOR memory and storage products.

While we acknowledge the potential of 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 a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Best American Penny Stocks to Buy Right Now and 12 Best Performing Stocks in the Last 3 Months.

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.

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

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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?

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  • 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.

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