$Micron Technology(MU)$ Melius Research analyst Ben Reitzes raised his price target on Micron to a Street-high $1,100 from $700, while keeping a Buy rating. He remains positive on memory and AI chip companies, as strong AI demand continues to tighten supply across the sector. He noted that Wall Street may still view memory companies as highly cyclical chip stocks, even though AI demand is making the business more stable over time. He also pointed out that major cloud companies are signing long-term supply deals and paying upfront to secure memory, which improves revenue visibility. A key reason for his bullish view is Micron's HBM business. The report says HBM supply is already sold out through calendar 2027, giving MU strong pricing power and
$Micron Technology(MU)$ This is probably the easiest stock to hold. Honestly, how many people actually understand the manufacturing process behind HBM? Everyone keeps focusing on GPUs, but HBM is becoming the real bottleneck. The manufacturing process alone is incredibly difficult. You're stacking DRAM vertically with through-silicon vias, advanced packaging, thermal constraints, yield issues, and extremely tight validation requirements from companies like NVIDIA. One defect can ruin an entire stack. And HBM isn't an option anymore; it's a necessity. It's been the easiest stock I've held in a while, similar to how I felt about Apple years back. So straightforward. The bubble will burst eventually, but not anytime
$Micron Technology(MU)$ Just thinking out loud here — if Micron is moving this much because NVIDIA reported good numbers, imagine what could happen next month if Micron absolutely crushes its own earnings.
$Micron Technology(MU)$ Attention bulls: this just in – MU CEO announced at the JOM Conference that the financial outlook has strengthened since the last earnings call. And MU is on track for record free cash flow in Q3.