Micron Stock Poised to Surge Higher on Booming AI Demand and Next-Gen Memory Chips
• Micron's stock has gained 55% YTD and could rise further on surging AI demand and its high-bandwidth memory (HBM) chip technology • Analyst sees Micron increasing HBM market share from <5% currently to mid-20% range • HBM market expected to hit $7.95B by 2029, growing at 26% CAGR • Technicals point to potential moves to "whole number" price targets of $130 and $140 • Calls recommended to benefit from expected continued strength driven by AI fever