Micron Technology's stock price has broken through the $310 mark for the first time, up 30% from December last year, with an expected increase of over 200% by 2025, outperforming NVIDIA. The company announced strong earnings, with revenue reaching $13.64 billion and adjusted earnings per share of $4.78, mainly driven by an 88% market growth in its artificial intelligence business segment. Analysts are generally optimistic about Micron, with Bernstein raising its target stock price to $330, citing its strong memory pricing power and demand in the AI market. It is expected that by 2026, Micron will become a major competitor to NVIDIA.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)