Memory and the AI cycle: And what if it were only the beginning? Increasing Micron’s price target to $150
Micron’s stock is up 23% since the 2FQ24 report of last week. It is time to run a health check on the cycle and to see how much more room for upside we see in the stock.In today’s work we combine what makes our New Street Tech team unique: integrated expertise across multiple tech verticals, within a single team approaching 10 members.
We combine here our expertise of the memory cycle and our unique framework tracking industry PPE & COGS, along with our unique & detailed analysis of what the future of AI infrastructure could be.
Micron Technology provides memory and storage solutions. The company's portfolio of memory and storage technologies include Dynamic Random Access Memory, Not And, 3D XPoint? memory, and Not Or. The company's segments are: Compute and Networking Business, which includes memory products sold into client, cloud server, enterprise, graphics, and networking markets; Mobile Business, which includes memory products sold into smartphone and other mobile-device markets; Storage Business, which includes Solid-State Drives and component-level solutions sold into enterprise and cloud, client, and consumer storage markets; and Embedded Business, which includes memory and storage products.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
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