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Micron’s AI Boom Drives Wall Street Surge
Micron’s stock is soaring as Wall Street analysts slash price targets, with Morgan Stanley now eyeing $1,200—driven by a blockbuster earnings report and 16 massive supply deals locking in $100B+ in revenue with ironclad pricing and no cancellation clauses. Customers are already committing $22B, $18B upfront, signaling deep confidence. Micron’s financials are exploding: revenue and net income skyrocketing, balance sheet bulging with strong cash flow to fund new fabs. Demand for its AI-critical HBM chips is exploding, outpacing supply—even with new deals, customers still can’t get enough…
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