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Despite an enormous gain of 220% so far this year, and some volatility today, Micron Technology (MU) stock's rally is far from over. Bulls argue that its AI-driven growth story is still in its early stages. Micron has received a new high price estimate on the Street. Melius Research analyst Ben Reitzes believes the stock can reach $2,200, which implies a potential upside of over 140%. This optimism comes after Micron posted a blockbuster quarter, showing that memory is no longer just a cyclical business.
