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Micron Technology's (MU) stellar fiscal second quarter has reignited bullish sentiment on Wall Street, with analysts rushing to raise their price targets. Strong AI-driven demand, tight memory supply, and expanding margins have put all of the limelight on Micron’s growth story, prompting Barclays to set a new high price estimate of $675.
Micron has had a massive run of more than 300% over the past year. Can MU stock continue its momentum and reach new highs?
