--- title: "Mizuho bets on AI demand spillover, significantly raises target prices for Micron, STMicroelectronics, and Texas Instruments" type: "News" locale: "en" url: "https://longbridge.com/en/news/286939148.md" description: "Mizuho Securities released a report, significantly raising the target prices for Micron Tech, STMicroelectronics NV, and Texas Instruments based on the spillover demand for AI. The target price for STMicroelectronics NV was raised from $56 to $68, and Texas Instruments from $255 to $300. Analysts expect that the semiconductor market will grow driven by AI, with a growth rate of up to 30% by 2026" datetime: "2026-05-19T15:25:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286939148.md) - [en](https://longbridge.com/en/news/286939148.md) - [zh-HK](https://longbridge.com/zh-HK/news/286939148.md) --- # Mizuho bets on AI demand spillover, significantly raises target prices for Micron, STMicroelectronics, and Texas Instruments Mizuho Securities released an industry report on Tuesday, significantly raising the target prices for Micron Technology, STMicroelectronics, and Texas Instruments based on the chain effects brought by artificial intelligence infrastructure construction, believing that the strong demand for AI is spreading to the storage and analog chip markets. AI demand spillover, chip stocks all receive bullish outlook Mizuho analyst Vijay Rakesh pointed out in the report that his team found through analyzing the impact of AI data centers on the storage and analog markets that channel information indicates that analog chips are benefiting from the acceleration of AI server deployments, while DRAM and NAND storage continue to benefit from strong demand for AI servers. Based on this, Mizuho rated STMicroelectronics as "outperform," significantly raising the target price from $56 by 21.4% to $68. For Texas Instruments, although maintaining a "neutral" rating, the target price was raised from $255 to $300. Analysts also expect that the supply tightness will continue until the first half of 2027. In addition, the report expressed high optimism for Micron Technology, believing that its leading position in the HBM market will directly benefit from the explosion of AI computing power demand. Combined with Micron's previously announced strong quarterly performance and a 37% revenue growth expectation for the next quarter, it has become a core beneficiary in the AI cycle. Industry outlook: Growth expected in 2026 Although some chip stocks have recently experienced a pullback due to profit-taking, multiple institutions are optimistic about the semiconductor industry's prospects in 2026. Data shows that the global semiconductor market is expected to grow by 25.6% to $792 billion in 2025, driven by AI. Institutions such as Semiconductor Intelligence predict that with the continued expansion of AI, the semiconductor market growth rate in 2026 is expected to reach 30%. Analysts believe that even if storage shortages impact the consumer electronics market, the booming AI market and the relative stability of the industrial and automotive markets will continue to drive growth in the semiconductor industry in 2026 ### Related Stocks - [TXN.US](https://longbridge.com/en/quote/TXN.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [STM.US](https://longbridge.com/en/quote/STM.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [MFG.US](https://longbridge.com/en/quote/MFG.US.md) - [8411.JP](https://longbridge.com/en/quote/8411.JP.md) - [STMEF.US](https://longbridge.com/en/quote/STMEF.US.md) ## Related News & Research - [Why Micron (MU) Stock Is Up Today and Why BofA Thinks It Can Still Go Higher](https://longbridge.com/en/news/286280489.md) - [Texas Instruments Stock Rally Amid AI Boom Sparks Overvaluation Concerns— Value Rank Tumbles](https://longbridge.com/en/news/286915766.md) - [Micron Stock (MU) Surges 154% YTD; Do Analysts See More Upside?](https://longbridge.com/en/news/286651011.md) - [Texas Instruments Insider Makes Major Move in Multimillion-Dollar Stock Sale](https://longbridge.com/en/news/286499450.md) - [Micron and Texas Instruments Get Price Target Boost as Top Mizuho Analyst Sees Strong Chip Demand](https://longbridge.com/en/news/286954735.md)