TECH - Micron's Strategic Moves in AI and Memory Tech Signal Strong Market Position and Future Gains Analyst Says | Benzinga
Micron Technology Inc (NASDAQ:MU) shares are trading higher after Mizuho reiterated a Buy rating and raised its price target from $124 to $130.
Driven by accelerated AI adoption, analyst Vijay Rakesh noted the HBM market growing at a three-year 2023-2026 CAGR of ~65% to reach $17.5 billion by calendar 2026, as HBM GB content/GPU grows >2x from ~140GB to ~280GB with Micron positioned to benefit with share gains.
Rakesh noted that a 12-layer 36GB HBM for 288GB stack for B200/MI400 into the first half of 2025 could be a major catalyst.
Micron sees its HBM and TSV ...