Micron Technology Stock News

Micron stock experienced a selloff last week. Morgan Stanley sees significant upside to Micron stock.

Micron Technology ( NASDAQ:MU ) shares soared to an all-time high of $260 earlier this month, riding the wave of AI-driven optimism in the semiconductor sector.

Micron Technology is a promising semiconductor stock with significant AI-related upside potential. Micron is generating record revenue and growing earnings, driven by strong demand for its high-bandwidth memory (HBM) products.

Memory is becoming a major bottleneck in the AI infrastructure buildout. Both Micron and SK Hynix enjoy pricing power and multiyear revenue visibility for their HBM and advanced DRAM offerings.

Micron stock moved lower this week as investors reduced exposure to growth-dependent AI plays. Despite bearish momentum in this week's trading, UBS significantly increased its one-year price target on the stock.

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Micron Technology is pivotal in AI with its HBM and Nvidia's validation tools. Supply constraints and HBM shortages give Micron pricing power and margin potential.

The buildout of artificial intelligence (AI) infrastructure could be a $7 trillion opportunity. GPU designers are the most obvious beneficiaries of rising data center infrastructure spending.