---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42836668.md"
description: "📊 𝐈𝐍𝐕𝐄𝐒𝐓𝐎𝐑 𝐍𝐎𝐓𝐄: BofA Says Chinese AI Models Reinforce Bullish Memory Demand Outlook - $Micron Tech(MU.US) $SK Hynix(SKHY.US) $Sandisk(SNDK.US) $Seagate Tech(STX.US) $Western Digital(WDC.US) 👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:➤  𝗕𝗮𝗻𝗸 𝗼𝗳 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 reiterates 𝗕𝘂𝘆 on 𝗠𝗶𝗰𝗿𝗼𝗻.➤  BofA maintains a $𝟭,𝟱𝟱𝟬 price target on Micron.➤  Chinese open-source AI models reinforce long-term 𝗔𝗜 𝗺𝗲𝗺𝗼𝗿𝘆 demand.➤  Kimi K3 API pricing is reportedly 𝟱–𝟯𝟱𝟬𝘅 lower than Western models.➤  BofA says lower pricing reflects 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗺𝗼𝗱𝗲𝗹 choices, not hardware costs.➤  Kimi K3 requires approximately 𝟭.𝟰 𝗧𝗕 of HBM per serving instance.➤  BofA says larger AI models require the same or more 𝗺𝗲𝗺𝗼𝗿𝘆.➤  BofA sees 𝗖𝗫𝗠𝗧 focused on commodity DRAM, not advanced HBM.➤  Micron's CHIPS Act restrictions may expire around 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟲.➤  Expiration could enable $𝟱𝟬–$𝟲𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in annual share repurchases.👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁:𝗩𝗶𝘃𝗲𝗸 𝗔𝗿𝘆𝗮, Analyst at Bank of America:"reflect[s] business-model choices, not necessarily reflective of hardware costs.""require the same or more memory as their model weights and active parameters increase.""'Open' refers to weight distribution, not deployment cost.""
datetime: "2026-07-21T17:01:53.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42836668.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42836668.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42836668.md)
author: "[Hardik Shah](https://longbridge.com/en/profiles/27423834.md)"
---

# 📊 𝐈𝐍𝐕𝐄𝐒𝐓𝐎𝐑 𝐍𝐎𝐓𝐄: BofA Says Chinese AI…


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