$Micron Technology(MU)$ KeyBan

KeyBanc also raised a whole bunch of other semis (but downgraded some too). Can read more about it on SA. Reflects what I've been saying, the whole semi sector has bottom and has started recovery. We should hear all about that in next weeks as ER season progresses.

Specifically concerning MU:

The analysts raised their price target on Micron to $150, citing strong feedback on its high bandwidth memory offering, HBM3E, compared to SK Hynix's offering.

"With Samsung currently not competitive, we believe MU is in the pole-position heading into the ramp of B100/B200," the analysts wrote. "We believe MU has enough HBM capacity to meaningfully exceed its outlook of several hundred millions in FY24 and to ship over $1B in HBM revenues in CY24. As investors increasingly will recognize how strong MU’s position is in HBM, we expect the stock to rerate and be given credit as an 'AI' play."

The whole article is worth a read on SA.

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We should hear all about that in next weeks as ER season progresses.Specifically concerning MU:The analysts raised their price target on Micron to $150, citing strong feedback on its high bandwidth memory offering, HBM3E, compared to SK Hynix's offering.\"With Samsung currently not competitive, we believe MU is in the pole-position heading into the ramp of B100/B200,\" the analysts wrote. \"We believe MU has enough HBM capacity to meaningfully exceed its outlook of several hundred millions in FY24 and to ship over $1B in HBM revenues in CY24. As investors increasingly will recognize how strong MU’s position is in HBM, we expect the stock to rerate and be given credit as an 'AI' play.\"The whole article is worth a read on SA.<img src=\"https://community-static.tradeup.com/news/1bf0a0cfbe5e43044883f28dd63c7182\" tg-width=\"232\" tg-height=\"176\"></body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\"MU\" class=\"teditor-mention\" data-mention-name=\"Micron Technology\" href=\"https://ttm.financial/S/MU\">$Micron Technology(MU)$</a> <v-v data-views=\"1\"></v-v>KeyBanc also raised a whole bunch of other semis (but downgraded some too). &nbsp;Can read more about it on SA. &nbsp;Reflects what I've been saying, the whole semi sector has bottom and has started recovery. We should hear all about that in next weeks as ER season progresses.Specifically concerning MU:The analysts raised their price target on Micron to $150, citing strong feedback on its high bandwidth memory offering, HBM3E, compared to SK Hynix's offering.\"With Samsung currently not competitive, we believe MU is in the pole-position heading into the ramp of B100/B200,\" the analysts wrote. \"We believe MU has enough HBM capacity to meaningfully exceed its outlook of several hundred millions in FY24 and to ship over $1B in HBM revenues in CY24. As investors increasingly will recognize how strong MU’s position is in HBM, we expect the stock to rerate and be given credit as an 'AI' play.\"The whole article is worth a read on SA.<img src=\"https://community-static.tradeup.com/news/1bf0a0cfbe5e43044883f28dd63c7182\" tg-width=\"232\" tg-height=\"176\"></body></html>","text":"$Micron Technology(MU)$ KeyBanc also raised a whole bunch of other semis (but downgraded some too). 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