Melius Research Begins Coverage of Micron Technology (MU) Stock

Micron Technology, Inc. (NASDAQ:MU) is one of the Most Promising AI Stocks to Invest In. On April 27, Melius Research analyst Ben Reitzes began coverage of the company’s stock with a “Buy” rating and a price objective of $700. The firm stated that memory remains core to its AI coverage, fitting with AI semiconductors, AI hardware, and hyperscalers. As per the analyst, the AI memory cycle is expected to continue through the decade’s end.

The market is expected to pay more for the durability of the margin and demand profiles enabled by AI. Reitzes noted the unusual durability throughout HBM, DRAM, and NAND markets amidst continued adoption of AI.

Notably, SiMa.ai, which has a leading position in Physical AI, announced an investment from Micron Technology, Inc. (NASDAQ:MU). This bolstered the ability to scale production-ready, high-performance Physical AI solutions for real-world intelligent systems. Notably, SiMa.ai integrated Micron Technology, Inc. (NASDAQ:MU)’s industry-leading LPDDR5X memory into SiMa.ai Modalix MLSoC platform.

Micron Technology Inc. (NASDAQ:MU) is engaged in designing, developing, manufacturing, and selling memory and storage products.

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