TD Cowen analyst Krish Sankar reiterated a Buy rating on Micron Technology, Inc. (NASDAQ:MU) with a $150.00 price target, citing strong AI and data center demand. The company’s recent preannouncement for the August quarter showed higher DRAM pricing and strong revenue potential. Micron also highlighted the possibility of selling out its HBM3E 12H supply by CY26, and anticipates temporary supply tightness due to competitors’ process node transitions. Increased trade activity from Chinese customers and stable demand from hyperscalers further add to the optimism. Sankar believes shares will continue to perform well as part of the AI trade, with a possible re-rating of the stock.

Read more at Yahoo Finance: Analyst Sees AI Demand Driving Big Gains Ahead