Bank of America hiked its Micron price target by 58% to $1,500 despite today's sharp selloff in memory chip stocks - eciks.org

Bank of America raised Micron Technology's price target by 58% to $1,500 despite a recent selloff in memory chip stocks, signaling strong confidence in the semiconductor industry's long-term outlook. ... Read original →

Bank of America’s bold $1,500 price target for Micron isn’t just bullish—it signals that HBM and advanced DRAM are becoming the ‘new oil’ of AI infrastructure. Technologically, Micron’s Anthropic partnership will accelerate CXL adoption and near-memory computing, forcing SSD controller and interconnect standards to evolve. On compliance, while U.S. export controls raise Micron’s Southeast Asian capex, they also drive supply chain diversification away from Taiwan, China toward India and Japan. Facing SK Hynix and Samsung’s HBM3E lead, Micron is likely locking in long-term AI modeler contracts and leveraging CHIPS Act subsidies to ramp Arizona output. Over the next 18 months, insatiable AI cluster demand will create structural memory shortages, sustaining >30% YoY growth in datacenter DRAM despite weak consumer electronics—ushering in a new era of 'AI memory premium.'