Micron Technology's stock races toward a record high as memory chip demand surges, with Rosenblatt doubling its price target to $1,200.
Micron Technology shares surged toward a record high after Rosenblatt Securities doubled its price target to $1,200, citing a spike in memory chip demand. The rally is tied directly to AI-driven orders from Apple and Nvidia, and financial outlets from CNBC to Yahoo Finance carried the news within hours.
The stock's staying power hinges on whether Micron can convert AI hype into sustained orders; Apple’s next supply-chain report and quarterly earnings will show if the demand is durable or a short-lived spike.
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