Micron's Earnings: Wall St. Bets Big on Memory Chip Boom

Micron Technologys shares hit a new high, anticipating strong fiscal first-quarter earnings. Analysts boost price targets, citing surging demand for memory chips, crucial for AI, causing a shortage and price hike. Citi, Deutsche Bank, and Morgan Stanley raise targets, praising Microns profitability and market position. All eyes on earnings report for validation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.