Micron's AI-Driven HBM Demand and Data Center Growth to Fuel Stock Upside, Analysts Say
Portfolio Pulse from Anusuya Lahiri
Micron Technology, Inc (NASDAQ:MU) reported strong quarterly results, surpassing revenue and EPS estimates. Analysts have raised price targets, citing strong demand for AI-driven HBM and data center growth. The stock is up 15.70% following the positive outlook.
September 26, 2024 | 7:37 pm
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Micron Technology reported better-than-expected Q4 results, with revenue and EPS surpassing estimates. Analysts have raised price targets, highlighting strong demand for AI-driven HBM and data center growth. The stock is up 15.70% as a result.
Micron's strong quarterly performance and positive outlook have led to increased analyst price targets, indicating confidence in future growth driven by AI and data center demand. The stock's significant rise reflects investor optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100