BUZZ-Street View: AI demand positions Micron for extended upside
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Micron Technology's shares surged 11.2% to $250.70, driven by strong Q2 earnings expectations and AI demand. Analysts highlight a structural shift in earnings due to AI, with supply growth lagging behind demand, supporting pricing gains. JP Morgan, Piper Sandler, Citigroup, and Morgan Stanley all express positive outlooks, citing DRAM pricing and industry shortages as key factors. Micron's stock has more than doubled this year, with further upside anticipated as DRAM pricing is expected to rise.
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