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🧠 AI🟢 BullishImportance 7/10Actionable

Micron (MU) Stock Surges as Wolfe Research Sets $500 Price Target on AI Memory Boom

Blockonomi|Trader Edge|
🤖AI Summary

Wolfe Research has raised Micron's price target by 43% to $500, citing expected AI-driven memory demand that could drive 100% year-over-year DRAM price growth in 2026. The company's Q2 earnings are scheduled for March 18.

Key Takeaways
  • Wolfe Research increased Micron's price target by 43% to $500 per share
  • Analysts forecast 100% year-over-year DRAM price growth in 2026 driven by AI demand
  • AI applications are creating significant demand for memory chips and components
  • Micron's Q2 earnings report is scheduled for March 18
  • The stock surge reflects investor optimism about AI infrastructure investments
Read Original →via Blockonomi
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