On June 8, Wells Fargo significantly raised the target price for Micron Technology (MU) from $550 to $1,220 and maintained an "Overweight" rating.



The bank stated that although Micron's stock price had previously surged significantly, they remain optimistic about its further upside potential, mainly due to the prolonged supply tightness in memory chips exceeding expectations, progress in collaborations related to advanced packaging, and the company's strong execution capabilities.

Wells Fargo believes that, in the context of AI-driven continuous growth in high-bandwidth memory (HBM) and other product demands, Micron is expected to continue benefiting from the memory industry's cyclical prosperity and maintain strong profitability.

As of the time of publication, Micron Technology was trading at $925 in pre-market, up over 7%.#分享美股交易赢英伟达股票
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