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Micron Soars on AI Memory Demand | Raleigh News
Micron’s stock soars 700% as AI-driven demand crushes memory chip supply, turning the cyclical market into a sustained bull run. HSBC just raised its price target to $1,700—the fifth bump this year—betting on four to five years of pricing power. Micron smashed earnings, raking in $25B from data centers alone, while locking in long-term contracts with hefty deposits to shield against volatility. Revenue could hit $50B next quarter, suggesting high valuations aren’t just hype—but backed by real, sticky deals. But watch out: if supply suddenly floods in, profits could crash fast. The market’s…
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