Micron Rides AI Wave With Upgraded Outlook, Analysts See More Gains Ahead

Micron Technology MU extended gains Tuesday after boosting its August-quarter outlook, fueled by surging demand and pricing for AI-focused memory chips, signaling continued momentum in the DRAM market through 2026.JP Morgan analyst Harlan Sur maintained Micron Technology MU with an Overweight rating and raised the price forecast from $165 to $185 on Monday.Sur said Micron delivered a positive pre-announcement for its August quarter, raising revenue, gross margin, and EPS guidance on stronger-than-expected D ...