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Micron’s AI Surge Could Be Game Changer | Raleigh News
Micron and SanDisk are soaring with stock gains of 254% and 653% this year, fueled by AI’s massive appetite for DRAM—projected to hit $618 billion this year. Micron’s CEO warns supply can’t catch up. Bank of America sees Micron’s AI-driven HBM business mirroring SanDisk’s explosive growth and 80%+ margins, calling its current valuation “wrong” and assigning a $1,550 price target with a buy rating. They break down Micron’s value into legacy memory and AI segments, betting high margins will stick. Post-CHIPS Act funding expiration in Dec 2026, Micron could return 100% of free cash flow via…
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