Micron Technology's AI Reach Leads To a BofA Price Target Increase

Key Takeaways Bank of America raised its price target on Micron Technology, which it called its top pick among U.S. memory chipmakers. BofA pointed to rising demand for more artificial intelligence (AI)-powered PCs for the optimism about Micron. The researchers also lifted their outlook for Micron's sales and earnings per share. Shares of Micron Technology (MU) traded at an intraday record Monday after Bank of America raised its price target, saying the chipmaker will benefit from the booming demand for art ...