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MarketBeat
MarketBeat
Thomas Hughes

Why Micron Stock Could Soar 35% on AI Memory Demand

Micron Memory Nvidia Nasdaq Advanced Micro Devices MarketBeat China Citigroup MU Samsung

The rally in Micron (NASDAQ: MU) has just begun because the hundreds of billions worth of datacenter-related business linked to NVIDIA (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), and Oracle (NASDAQ: ORCL) has yet to be reflected in its results or guidance.

The deal between OpenAI and Advanced Micro Devices alone is enough to suggest a significant ramp for Micron, and the demand is seen throughout the AI complex.

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