AI Demand Keeps Micron Rally Alive, Says Top Investor
TL;DR Summary
Micron Technology is riding AI-driven demand for high-bandwidth memory, reporting $13.6 billion in revenue (+57% YoY) with expectations of about $19.2 billion in Q2 2026; a top investor says the stock's uptrend could persist given HBM's critical role in AI, few peers, and a muted forward P/E around 12x, supported by a Strong Buy consensus and a price target near $440, though cyclical downturns remain a risk.
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