Micron shares jump as Morgan Stanley upgrades stock on AI-driven memory boom

Core Viewpoint - Micron Technology shares increased over 4.5% to $196.32 in premarket trading following an upgrade from Morgan Stanley, which changed its rating from "equal-weight" to "overweight" and raised the price target from $160 to $220 [1] Company Summary - Micron Technology's stock performance reflects positive market sentiment after the upgrade by Morgan Stanley [1] - The price target adjustment indicates increased confidence in Micron's future performance and growth potential [1]