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BofA's sell signal just flashed. Fund managers went all-in on equities, hard-landing fears collapsed, and 73% now name long semis the most crowded trade.
Citigroup analyst Atif Malik maintains Micron Technology (NASDAQ:MU) with a Buy and raises the price target from $425 to $840.
Melius Research analyst Ben Reitzes maintains Micron Technology (NASDAQ:MU) with a Buy and raises the price target from $700 to $1100.
Mizuho analyst Vijay Rakesh maintains Micron Technology (NASDAQ:MU) with a Outperform and raises the price target from $740 to $800.
Seagate Technology CEO, Dave Mosley warns AI-driven memory demand is outpacing production capacity growth.
Micron, Seagate, and Western Digital drop premarket. AI supply chain worries and capacity fears trigger a memory chip stock selloff.
Gerber flagged Nvidia and Micron as AI supercycle winners as Huang said AI will drive massive, long-term demand for computing infrastructure.
Ben Reitzes raised price targets on Micron, SanDisk and Intel, arguing that long-term supply agreements tied to AI infrastructure demand are making earnings more predictable for semiconductor companies.
Major U.S. indexes closed Monday mixed, with the Dow Jones Industrial Average gaining 0.32% to 49,686.12.
Micron stock fell 13% in two days, the worst stretch since April 2025. Citi and Melius hiked price targets to $840 and $1,100 on the same day.