AI MEMORY SOLD OUT – 416% GAIN ON MICRON – RAISING THE TARGET
By Nigam Arora & Dr. Natasha Arora
Members of The Arora Report are well positioned in Micron (MU) stock. The original position is long from $21.77. This represents a gain of 416%.
Memory For AI
High bandwidth memory is used in artificial intelligence applications. Micron shared that its high bandwidth memory is sold out for 2024.
In The Arora Report analysis, Micron is likely to ship $600M – $800M worth of high bandwidth memory for AI applications in 2024. As investors understand the need for high bandwidth memory, the PE of MU stock is likely to expand.
Earnings
Micron reported blowout earnings. … Please click here or the title below to read more.
March 21, 2024