UBS Lifts Micron Target to $1,625 as AI Demand Fuels 116% Upside
Updated
Updated · Bloomberg · May 26
UBS Lifts Micron Target to $1,625 as AI Demand Fuels 116% Upside
13 articles · Updated · Bloomberg · May 26
Micron shares jumped 17% after UBS raised its price target to a street-high $1,625, implying the chipmaker could more than double from Friday's $751 close over the next 12 months.
UBS tied the upgrade to strong AI demand, betting the Boise, Idaho-based memory-chip maker will keep benefiting from spending on AI infrastructure.
Micron's market capitalization has already surged about 700% over the past year, underscoring how aggressively investors have re-rated AI-linked semiconductor names.
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