Micron Technology Inc. (NASDAQ:MU) is one of the top 10 AI stocks that will skyrocket.

On June 29, Phillip Securities substantially increased its target price for the stock from $530 to $1,870, which now yields more than 62% upside. The firm reiterated its Buy rating following the company’s earnings release.

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For the coming quarters, Phillip Securities said that the company could potentially enter into more agreements with its existing customer base, along with some new additions. It also shared its views on memory shortages across the broader industry, which it expects to persist beyond 2027.

Back on June 22, Micron Technology Inc. (NASDAQ:MU) entered into a…