Micron Technology, Inc. (NASDAQ:MU) is one of the AI Stocks Analysts Are Tracking Closely. On September 16, Mizuho raised its price target on the stock to $182.00 from $155.00 on Monday, while maintaining an Outperform rating. The rating comes ahead of the company’s September 23 earnings report.
The firm anticipates accelerated High Bandwidth Memory (HBM) demand ahead of Micron’s fiscal fourth-quarter results. Analysts also forecast higher sales of HBM3e, with Nvidia’s new GB300 chips leading to stronger orders.
They approximate that an estimated 25% of Nvidia’s July-quarter shipments were GB300 versus GB200, stating that GB300 mix could likely exceed above 50% in the October quarter. That shift may provide potential upside for Micron’s November quarter guidance.
Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide.
While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 AI Stocks You Should Not Ignore and 10 Trending AI Stocks on Wall Street.
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