$Micron Technology(MU)$ Last w

$Micron Technology(MU)$ Last week, three separate analysts from UBS, Susquehanna, and Citigroup each wrote that the current "pause" in DRAM pricing growth was likely temporary. Then on Monday, analysts at JPMorgan Chase noted Micron could go as high as $200 per share, or more than double its current price, if the current up-cycle mirrors the strong 2017-2018 memory boom. Back then, DRAM prices exploded as the cloud computing buildout added a new layer of demand following a 2016 downcycle -- not dissimilar to what HBM and AI are doing now.

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