Overview
- Micron shares logged a seventh straight intraday record, lifting the company’s value to roughly $800 billion on heavy interest in chips that feed artificial intelligence systems, according to Yahoo Finance.
- Mizuho raised its price target to $740 and kept an Outperform rating, pointing to Micron’s strength in supplying memory for AI infrastructure.
- The company began shipping a 245TB 6600 ION solid-state drive built for AI, cloud, and hyperscale data centers, offering far more storage than hard drives in a smaller footprint.
- Analysts expect memory contract prices to rise in the second quarter because DRAM and NAND supply remains tight, with Meta’s move to extend some server lifecycles signaling scarce components.
- Backers highlight a price-to-earnings ratio near 10 and projected earnings growth above 300%, while InvestingPro flags the stock as above its fair-value estimate, underscoring a live valuation debate.