--- title: "'Nvidia Confirmed It,' Says Top Investor About Micron Stock" type: "News" locale: "en" url: "https://longbridge.com/en/news/297426153.md" description: "Top investor Pythia Research reaffirms a 'Strong Buy' rating for Micron (MU), citing Nvidia's confirmation of high memory prices as validation of suppliers' pricing power. The investor highlights Micron's $22 billion in strategic agreements and reduced cyclical risks, arguing that AI-driven demand shifts favor the company. With a consensus target of $1,556.55 implying 67% upside, Wall Street maintains a bullish outlook despite recent stock volatility." datetime: "2026-08-30T12:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297426153.md) - [en](https://longbridge.com/en/news/297426153.md) - [zh-HK](https://longbridge.com/zh-HK/news/297426153.md) generator: "portal-rs" --- # 'Nvidia Confirmed It,' Says Top Investor About Micron Stock There's a shadow hanging over **Micron Technology (NASDAQ:MU)**, despite the otherworldly gains from the past year. The company operates in the notoriously cyclical memory industry, leading some investors to fear that the current years of plenty will be followed by more fallow ones. That's likely one of the reasons the company's share price hasn't continued to skyrocket following (yet another) stellar quarterly report. Following an initial surge, MU has been sinking and has now lost some 11% since its late June earnings call. The question for many is whether growth is sustainable, especially once production ramps up to meet the incessant demand. Into that debate steps one top investor known by the pseudonym Pythia Research, who believes that Nvidia provided further validation for the MU bulls. "As Nvidia pointed out, extremely high prices of memory are putting pressure on the company's margins," said the 5-star investor, who is among the top 2% of stock pros covered by TipRanks. Pythia calls this an "unusually good validation of the pricing power of memory suppliers." Moreover, the investor points out that constraints in memory and other key components may be limiting the industry's ability to grow at an even faster clip. That's a dynamic that dramatically shifts the odds in MU's favor. "This gives Micron quite considerable negotiating power, which is not normally associated with a memory manufacturer," adds Pythia Research. The investor also highlights the strategic customer agreements that Micron has signed, citing the company's disclosure of 16 agreements worth approximately $22 billion. That also changes the contours for Micron, decreasing (though not altogether eliminating) the cyclical threats facing the company. Assuming the earnings estimates play out, the investor believes that the company's valuation of 6x FY2027 consensus earnings doesn't look expensive in the slightest. Pythia argues that this reflects plenty of potential upside, which doesn't require multiple expansion. "I'm still bullish on Micron as the evidence suggests that AI is changing the demand and commercial structure of memory," concludes Pythia Research, who rates MU a Strong Buy. (To watch Pythia Research's track record, click here) That's right where most of Wall Street finds itself as well. With 30 Buys and just 1 Hold, MU enjoys a Strong Buy consensus rating. Its 12-month average price target of $1,556.55 points to an upside of 67%. 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