Micron's Pricing Power Looks Unstoppable As AI Demand Outruns Supply

Micron Technology Inc. (NASDAQ:MU) is riding an AI-fueled memory squeeze, with JP Morgan saying demand for DRAM, especially HBM, should continue to outstrip supply past 2026, keeping pricing firm and reinforcing its bullish stance on the stock.JP Morgan analyst Harlan Sur said his team hosted an investor group meeting with Micron’s CFO Mark Murphy, CBO Sumit Sadana, and Senior Director of Investor Relations Samir Patodia.Sur reiterated an Overweight rating on Micron with a price forecast of $350.The analyst ...