Micron Secures US Subsidies; Morgan Stanley Doubles PT to $1050 on AI-Driven Shortage
Summary
Micron Technology has been explicitly included in US subsidies aimed at boosting domestic memory-chip production, providing direct financial and operational support. Concurrently, Morgan Stanley dramatically raised its price target for Micron to $1,050 from $520, citing an anticipated multi-year memory chip shortage and robust AI-driven capital expenditure. This reinforces the strong positive trend for Micron, which has recently reported record earnings, sold out its HBM supply for 2026, and seen its stock rally on surging AI demand.
At the time of this announcement, MU was trading at $1,052.01 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.2T. The 52-week trading range was $96.96 to $1,089.29. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.