Top analyst resets price target on Micron stock

Key Highlights

• Over the past three months alone, the stock is up over 72%, while AI giants like Nvidia have barely budged.
• At a point when investors are skeptical of tech stocks, Micron has been an absolute monster.
• Bernstein’s reasoning is simple yet powerful.
• Wall Street pundits believe that memory pricing is growing at a rapid pace, as demand for AI continues to grow, and supply expansion remains mostly constrained.
• That rare combination positions Micron as a unique semiconductor stock with genuine, sustained pricing power.