Why Micron Stock Keeps Bouncing Higher
Micron stock could earn $150 a share in 2028, and is still a buy.
Overview
For the second day in a row, Micron (NASDAQ: MU) stock has managed to maintain its momentum.
Shares of the memory stock inched about 1% higher on Monday after analysts at Morgan Stanley sounded the all-clear for artificial intelligence stocks, confirming revenues are growing fast enough to provide AI hyperscalers sufficient cash flow to buy the semiconductor chips they need. Today, Micron's getting an even more Micron-specific catalyst.
Details
And Bank of America is behind it.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.