Micron Technology shares surge on AI‑driven memory demand as analysts lift targets

Micron Technology’s stock has become a focal point for investors betting on the explosion of artificial‑intelligence workloads. Analysts have raised price targets sharply – Bank of America to $1,550, KeyBanc to $1,750 and some peers to $2,000 – citing a “memory shortage” that is unlikely to ease before 2028. One analyst noted that “the memory industry has been structurally transformed by the proliferation of AI.”

In Europe, the share slipped 0.36 % to €859.10, prompting some traders to view the dip as a buying opportunity. Technical commentary highlights a support zone around $904‑$910, with resistance near $932‑$938; a breakout above $938 could trigger further upside, while a fall below $904 would invite short positions. A comparative view of Micron versus Sandisk stresses Micron’s broader product mix of DRAM and NAND, giving it a strategic edge in AI‑focused data centers.

Overall, the consensus remains a strong‑buy rating, with a one‑year target near $1,500 and expectations that Micron’s data‑center revenue will continue to outpace peers as AI demand drives higher memory consumption.