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Micron (MU) Positioned for Growth as AI-Driven Memory Demand Triggers Major Analyst Upgrades

Micron Technology Inc. (NASDAQ:MU) is one of the best stocks for the next decade. As of December 26, Micron Technology Inc. (NASDAQ:MU) is currently on analysts’ watchlists.

Earlier on December 18, Lynx Equity raised the price target on Micron Technology to $325 from $180, as the firm maintains a constructive long-term outlook as the memory cycle transitions into its next phase, supported by sustained demand for AI-related hardware. The firm noted that the stock’s recent price surge is a direct result of extreme volatility in DRAM pricing over the last quarter. Supply shortages have become so critical that an estimated 30% of total market demand currently remains unfulfilled. These supply-demand imbalances are expected to stabilize by mid-2026 as new manufacturing capacity begins to contribute to the global supply.

The stock’s aggressive upward movement may lead to near-term volatility or technical pullbacks, but the firm advised investors to view these dips as buying opportunities rather than a reason to sell.

Additionally, Rosenblatt raised its price target on the stock on the same day to $500 from $300 with a Buy rating. The firm remains highly bullish on Micron Technology Inc. (NASDAQ:MU), identifying the company as a primary beneficiary of the surging demand for memory and storage in the AI era. The company’s performance is being driven by two primary factors: successfully negotiating price increases for DRAM and NAND Flash, and the company’s ability to maintain a steady decline in production costs. These tailwinds have allowed management to project a record-breaking 68% Non-GAAP gross margin for the February quarter.

Micron Technology Inc. (NASDAQ:MU) designs, develops, manufactures, and sells memory and storage products in the US, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally.

While we acknowledge the potential of MU to grow, 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 this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right 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.

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.

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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.

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

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