One of Wall Street’s top semiconductor analysts just made one of the most aggressive price-target revisions in this AI cycle.

Bank of America analyst Vivek Arya nearly doubled its price target on Micron Technology Inc. (NASDAQ:MU), lifting it from $500 to $950 on Wednesday.

The move arrived alongside higher targets on four other AI hardware names and a third upward revision in eleven months to the firm’s 2030 forecast for artificial intelligence infrastructure spending.

Bank of America now sees the addressable market for AI data center systems reaching $1.7 trillion by 2030.

That figure was $1.4 trillion in February. It was $1.2 trillion in December. It was $823 billion last June.

In addition to Micron, Arya raised…