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Mizuho Securities is betting big on Micron Technology (MU) ahead of the memory chipmaker's Sept. 23 earnings report. The investment firm raised its price target on MU stock from $155 to $182 while maintaining an "Outperform" rating.
The bullish thesis centers on accelerating demand for High Bandwidth Memory (HBM), which includes the advanced HBM3e technology that powers artificial intelligence (AI) applications.