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MarketBeat
MarketBeat
Jeffrey Neal Johnson

Micron's $338 Target: The AI Memory Supercycle Is Just Starting

A significant vote of confidence from Wall Street has turned heads back toward Micron Technology (NASDAQ: MU). Morgan Stanley recently boosted its price target on the memory chip maker to a remarkable $338, reinforcing its Overweight rating and signaling conviction in the stock's continued ascent.

This move is more than an upgrade—it’s an acknowledgment of a powerful dynamic reshaping the semiconductor sector: the AI-driven memory supercycle.

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