Micron Technology could have a bright growth runway ahead, thanks to the artificial intelligence boom, according to CLSA. The investment firm began research coverage of the computer memory and data storage stock with an outperform rating and a $155 per share price target in a Wednesday report, implying about 33% upside from Tuesday's $116.50 close. Analyst Sanjeev Rana said Micron is "riding the crest of the AI wave" thanks to customers' strong appetite for high bandwidth memory and dynamic random access memory, or DRAM. MU YTD mountain Micron Technology stock in 2025. "Micron is well-positioned to capitalize on the demand for high bandwidth memory (HBM) from AI customers and to benefit from the healthy demand-supply balance in DRAM in 2H25-2026," the analyst said. "The supply of conventio
This chip stock will ride AI wave to 30% gain in next 12 months: CLSA

139