6h ago
Micron’s third-quarter earnings seen as key test of AI memory demand, with $1,500 targets in focus
Micron is set to report fiscal third-quarter results, which investors are treating as a key test of the strength of AI-driven demand for memory. Analysts have broadly lifted their price targets to $1,500 while keeping Buy ratings, and the company has beaten EPS expectations for nine consecutive quarters. The report cites Futurum and BofA Securities in arguing that massive AI infrastructure capital spending could underpin long-term demand for high-end memory and shift how the market views memory—from a cyclical commodity to a strategic asset.