Micron Stock Surges to Record High After Bank of America Analysts Raise Price Target
MUMicron Technology(MU) Investopedia·2024-04-01 23:31

KEY TAKEAWAYS Micron Technology shares climbed to a record high on Monday after Bank of America analysts raised their price target for the stock, saying the company is set to gain amid the artificial intelligence (AI) boom. The analysts named Micron, Marvell Technology and Advanced Micro Devices as a "junior samurAI" poised to gain after the firm's "top picks," Nvidia and Broadcom. Bank of America increased its price objective to 144from144 from 120, saying that Micron is poised to gain as AI tech relies on high ...