Micron’s Newly-Converted Bull Sees 50% Gain on Memory Supercycle
Micron Technology Inc., a prominent chipmaker, has seen a dramatic shift in investor sentiment. The company's biggest skeptic has now become its biggest advocate, predicting a 50% gain in the stock price. This optimism is driven by the belief that Micron is in the early stages of an artificial intelligence "memory supercycle," which is expected to drive significant growth for the company. The article highlights that the memory supercycle is fueled by the increasing demand for advanced memory chips, particularly in the field of artificial intelligence. This demand is expected to persist, leading to continued growth and potential for Micron's stock. The article suggests that this positive outlook represents a significant shift in the market's perception of Micron, as the company's previous skeptic has now become a vocal proponent of its future potential.
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