---
title: "WSB Discussion | Is Micron Technology the next hot semiconductor stock?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/200077868.md"
description: "Before the financial report was released, Citigroup significantly raised Micron Technology's target price from $95 to $150"
datetime: "2024-03-18T09:40:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/200077868.md)
  - [en](https://longbridge.com/en/news/200077868.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/200077868.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/200077868.md) | [繁體中文](https://longbridge.com/zh-HK/news/200077868.md)


# WSB Discussion | Is Micron Technology the next hot semiconductor stock?

Semiconductor companies remain popular, with NVIDIA, Taiwan Semiconductor, and AMD leading the way. The NVIDIA GTC conference will be held late tonight, with NVIDIA rising more than 2% pre-market, Taiwan Semiconductor up over 1.7%, and AMD up over 1%.

Blockchain concept stock MSTR ranks fifth in popularity. MicroStrategy is the publicly listed company with the most BTC holdings globally, holding around 205,000 BTC as of March 10th. Calculations show that the current profit exceeds $5 billion. The current BTC price has fallen to around $68,000.

Tesla ranks sixth in popularity, with a pre-market increase of over 3%; Boeing ranks eighth, with a pre-market decline of over 1%.

Micron Tech ranks ninth in popularity, rising 2.6% pre-market to $95.6. They will release their earnings report after market close on March 20th. Citigroup reaffirmed a "buy" rating for Micron Tech and significantly raised the target price from $95 to $150.

Furthermore, Wall Street analysts generally expect that the growth in revenue from Micron Tech's DRAM memory chips and HBM memory systems will help the company significantly reduce losses. The earnings report is also expected to provide more detailed information on the HBM memory supplied to NVIDIA for their new AI hardware systems.

It is widely expected that the AI revolution will bring about a huge demand for storage chips.

Since March, several investment banks have raised the target price for Micron Tech.

Source: apewisdom, most discussed stocks in the past 24 hours

Note:

The Wall Street Bets (WSB) channel on Reddit was created in 2012 and has attracted over 14 million users. It is a gathering place for retail investors to discuss US stocks, with the stocks discussed often being the hottest at the moment. Due to the channel's influence, stock prices may be affected.

Risk Warning:

WSB-discussed stocks, especially for smaller companies (such as GME and AMC in 2021), may experience significant fluctuations due to retail investor interest or disinterest. Please be aware of the risks

### Related Stocks

- [Micron Technology, Inc. (MU.US)](https://longbridge.com/en/quote/MU.US.md)
- [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md)
- [Advanced Micro Devices, Inc. (AMD.US)](https://longbridge.com/en/quote/AMD.US.md)
- [Taiwan Semiconductor Manufacturing Company Limited (TSM.US)](https://longbridge.com/en/quote/TSM.US.md)
- [Arm Holdings plc (ARM.US)](https://longbridge.com/en/quote/ARM.US.md)
- [Tesla, Inc. (TSLA.US)](https://longbridge.com/en/quote/TSLA.US.md)
- [Strategy Inc (MSTR.US)](https://longbridge.com/en/quote/MSTR.US.md)
- [The Boeing Company (BA.US)](https://longbridge.com/en/quote/BA.US.md)

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