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When it comes to artificial intelligence (AI) chips, most investors naturally think of chip giants like Nvidia (NVDA) and Advanced Micro Devices (AMD) for their powerful GPUs. However, Micron Technology (MU) also deserves a seat at the table, thanks to its high-performance memory and storage chips, such as DRAM and NAND. These chips are crucial for training and running AI models across various devices, including data centers, smartphones, and edge devices.
Micron made headlines last month with strong third-quarter earnings, highlighting growing demand for AI-driven memory capacity. Shortly after, the company also earned a Street-high $200 price target from Rosenblatt analyst Kevin Cassidy, who pointed to Micron’s solid Q3 performance and growing role in the AI space as key reasons behind his bullish outlook. It has already been a strong year for Micron so far, but can MU stock climb all the way to this new target?
