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The firm believes MU will continue to re-rate higher as more details emerge about the structural changes Al has driven to the entire memory complex.
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Thirty-nine of the 44 analysts rated MU stock a ‘Buy’ or higher, four rated it a ‘Hold,’ and one rated it a ‘Sell,’ according to Koyfin data.
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On Friday, Micron announced it had begun producing 1-alpha DRAM in the U.S.
Shares of Micron Technology (MU) are in focus on Tuesday after UBS more than doubled its price target on the stock, becoming the most bullish Wall Street analyst on the chipmaker.
At the time of writing, MU stock was up 8% premarket and was trending among the top 10 tickers on Stocktwits.
