Overview
- Micron shares set new all-time highs this week, with gains of about 125% over the past year and more than 180% year to date, according to Yahoo Finance data.
- Mizuho reaffirmed a Buy rating with a $265 target and Citi raised its target to $275, citing stronger memory pricing and demand tied to AI workloads.
- Citi expects DRAM contract prices to rise roughly 25% quarter over quarter in Q4, following a near 50% jump in spot prices, and projects Micron’s earnings could climb about 20% sequentially.
- Micron has begun sampling 192GB SOCAMM2 LPDDR5X modules built on its 1‑gamma process, touting 50% higher capacity, over 20% lower power use, and more than 80% faster inference startup times for AI deployments.
- Commentary flags risks including potential profit-taking after the rally and competition from Samsung, even as supporters highlight solid fundamentals and strong momentum.