Micron Poised to Be Next Big AI Stock Winner, According to Analysts
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AI chip stocks like NVIDIA, AMD, and Super Micro Computer have surged recently. NVIDIA is up over 80% in 2023.
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For those that missed out on those stocks, Micron is seen as a potential next big AI winner by analysts at Lynx Equity.
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Micron's earnings report today could be a "wake-up call" about the role of flash storage in AI, according to Lynx.
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Lynx believes Micron's outlook will see a "qualitative upgrade" driven by flash storage demand from AI data centers.
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Over the next 12-18 months, Lynx thinks Micron has the potential to emerge as a pure play in AI second only to NVIDIA. They see a path to a $150 billion market cap.