Micron Rides AI Wave With Upgraded Outlook, Analysts See More Gains Ahead
Micron Technology MU extended gains Tuesday after boosting its August-quarter outlook, fueled by surging demand and pricing for AI-focused memory chips, signaling continued momentum in the DRAM market through 2026.JP Morgan analyst Harlan Sur maintained Micron Technology MU with an Overweight rating and raised the price forecast from 185 on Monday.Sur said Micron delivered a positive pre-announcement for its August quarter, raising revenue, gross margin, and EPS guidance on stronger-than-expected D ...