Micron’s Ambitious Ascent: Analysts Eye $300 Amid AI Expansion

While Micron Technology’s stock appears to be consolidating after a monumental run, a wave of analyst optimism is crashing over the market. Fresh price targets are soaring, a multi-billion dollar AI chip facility is confirmed for Japan, yet the share price reaction remains surprisingly muted. This juxtaposition sets the stage for a critical directional move.

Concurrent with the analyst fervor, Micron has solidified a major strategic expansion. The company confirmed plans to construct a new fabrication plant in Hiroshima, Japan, dedicated to producing High Bandwidth Memory (HBM). This specialized memory is a critical component for AI accelerators, including those from Nvidia.

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