Bank of America resets Micron stock price target after earnings - Yahoo Finance Singapore

Following its Q3 FY26 earnings report, Micron's stock surged, driven by a significant increase in revenue and net income, prompting Bank of America to raise its price target. The company reported $41.... Read original →

Micron’s explosive Q3 results reflect the inevitable surge in DRAM deployment as AI infrastructure scales. The ramp of its 1-alpha node with EUV lithography not only boosts yields but pressures Samsung and SK Hynix to accelerate their own roadmaps, reshaping cost structures across the upstream materials supply chain. While U.S. export controls benefit Micron’s market share outside Taiwan, China in the short term, they increase global customers’ compliance burdens long-term. Facing NVIDIA’s aggressive HBM4 demands for GB200 NVL72, rivals like Broadcom and Intel may push CXL-based memory pooling to erode DRAM vendors’ pricing power. If hyperscaler capex growth slows within 18 months, Micron’s 86% gross margin will likely compress—but edge AI deployments could create new low-power DRAM opportunities. Strategic co-design with cloud providers may let Micron convert cyclical gains into structural advantage.