From Nasdaq: 2024-04-04 16:56:41

Nvidia’s GTC AI conference showcased its new Blackwell B200 chip, designed for AI operations and tools. Priced at $30,000 to $40,000 per GPU, analysts predict a surge in high-bandwidth memory (HBM) chip market to $23 billion by 2026, benefiting stocks like Micron (MU).

Micron Technology, a leading memory and storage solutions provider, boasts a market cap of $141.7 billion and a 46.3% stock rally in 2024. Its recent earnings beat expectations, with revenues at $5.8 billion and EPS at $0.42 per share. Micron expects growth from AI infrastructure and data center expansion.

With strong projections for the DRAM and NAND markets, Micron is poised for future growth with investments of $150 billion in manufacturing and R&D over the next decade. Analysts rate MU stock a “Strong Buy” with a mean target price of $124.38, signifying an 80.9% upside potential from its current levels.



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