Why Analysts See Micron (MU) Benefiting From the AI Data Center Boom

Core Insights - Micron Technology, Inc. has been identified as a trending AI stock, with Citi analysts raising the price target from $150 to $175 and maintaining a "Buy" rating due to increased demand for DRAM chips and AI exposure [1][2] Group 1: Demand and Financial Performance - The ongoing memory upturn is attributed to limited production and better-than-expected demand, particularly from the data center market [2] - Micron's fiscal fourth quarter earnings report is expected on September 23, with anticipated adjusted earnings per share of $2.62 and revenue of $11.20 billion, aligning with analysts' estimates [2][3] - Guidance for future performance is projected to exceed expectations, driven by higher sales and pricing of DRAM and NAND products [3] Group 2: Company Overview - Micron Technology develops and sells memory and storage products for various applications, including data centers and mobile devices [3]