Micron Technology's stock closed at $1,011.75, marking a 254.71% gain year-to-date driven by strong demand for AI memory products. CEO Sanjay Mehrotra describes this as a structural industry shift. Despite the recent surge, 24/7 Wall St. sets a price target of $964.63 with a hold recommendation, citing risks from high capital spending and market volatility. Analysts remain bullish overall, with an average target above $1,500, supported by robust revenue growth, record margins, and strategic customer agreements locking in $100 billion in revenue. Future outlook depends on continued supply tightness and successful ramp-up of new memory technology (HBM4).
Shares of AI hardware companies, including Cerebras, Intel, and AMD, fell sharply before Cerebras' Supernova product event due to profit-taking and broader market rotation. Despite strong endorsements and revenue growth projections, Cerebras faces se...
Shares of memory chip makers like SanDisk, Micron, and Western Digital fell sharply after a Wall Street Journal report revealed $3 trillion in off-balance-sheet AI commitments by top tech firms, raising concerns about future spending. This news, comb...
The rapid AI expansion is causing a shortage of high-bandwidth memory (HBM) needed for AI accelerators, benefiting companies like Micron and SK hynix. However, Nvidia is reportedly testing Rubin Ultra GPUs with reduced memory (192GB-288GB) due to sup...
Memory and storage stocks including Micron, SanDisk, and Western Digital dropped 5-7% due to rising U.S. Treasury yields increasing the cost of capital and discount rates on future earnings. This selloff is a valuation reset after a strong 2026 rally...
Jim Cramer broke his usual rule by endorsing buying SanDisk stock even after it surged over 591% year-to-date, arguing that the memory chip industry has fundamentally changed. He points to new multi-year take-or-pay contracts with firm volume and pri...
