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Micron’s AI Contracts Ignite Wall Street | Durham News
Micron’s stock is soaring after two major firms slashed price targets to $2,000 and $1,870, fueled by a blockbuster Q3 that crushed expectations—especially since the stock traded near $100 just a year ago. The catalyst? Sixteen ironclad, long-term “take-or-pay” contracts locking in massive chip volumes and a guaranteed price floor, covering 20% of DRAM and 33% of NAND. These deals promise $22 billion in revenue, with over half of Micron’s future income tied to them—and analysts predict a $100B revenue floor over five years. With AI demand exploding and chip plants taking years to build…
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