Bank of America: Consumer electronics opens a new chapter in AI, Arm and Micron Tech are expected to benefit
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Bank of America released a research report, raising the target prices for Arm and Micron Technology. The reason is that the trend of generative artificial intelligence is shifting towards consumer devices including PCs and smartphones. Bank of America raised Arm's target price from $150 to $180, and Micron Technology's target price from $144 to $170. Analysts believe that Arm may benefit from the shift of artificial intelligence towards edge devices, while Micron Technology will benefit from increased DRAM demand
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