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.
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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.