Micron Technology Benefits from AI Demand and Upside Price Target

10 days ago

Jess Metton

"So, Micron Technology MU is the ticker up about 5% on pace for its best day since not that long ago, October 13th. In the NASDAQ 100 in the MOV function, that is the best performer in that index. And so UBS actually raised its price target, saying that Micron will get a boost from its memory chip storage. City Research analyst Christopher Danley actually still sees more gains in sight despite what this stock has done, with high AI demand fueling further upside."

Micron Technology (MU) is spotlighted as the top performer in the NASDAQ 100 today, up about 5%. The commentary highlights a raised price target by UBS and bullish outlook from City Research, driven by strong AI demand and memory chip storage growth, suggesting continued upside potential.