Micron Technology (MU) Jumps to All-Time High on Bullish Rating, Power Line for $100-Billion Facility

Core Insights - Micron Technology Inc. has reached an all-time high stock price following positive analyst ratings and approval for a significant power line project [1][3][4] Stock Performance - During the trading session, Micron Technology's stock peaked at $206.34, closing at $202.53, reflecting a 5.52% increase [2] Analyst Ratings - UBS and Citigroup have issued bullish ratings for Micron Technology, with price targets set at $245 and $240 respectively, indicating strong future performance expectations [3] Demand and Market Conditions - The company is anticipated to benefit from a worsening shortage of data storage, with demand from hyperscalers doubling year-on-year [3] Infrastructure Development - Micron Technology has received approval from the New York State Public Service Commission for a new transmission line to support its $100 billion semiconductor facility, which is projected to create 50,000 jobs over the next 20 years [4]