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Micron’s AI Memory Surge | Durham News
BMO Capital Markets just slapped an “Outperform” rating on Micron with a $1,300 price target — a 33% upside from its $974 closing — betting on a sustained AI-driven memory chip boom fueled by tight supply, massive data center demand, and newfound revenue stability from $22B in long-term contracts. Micron’s $10B AI lab in Idaho and its position as the only U.S. maker of high-bandwidth memory position it as a tech heavyweight, not a cyclical commodity. With CEO plans to return excess cash to shareholders starting December 9th, and peers like SK Hynix already buying back shares, the stock could…
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