Barclays Remains Bullish on Micron Technology (MU) Amid Continued AI Momentum

Core Insights - Micron Technology, Inc. is recognized as one of the undervalued stocks by Goldman Sachs, indicating potential investment opportunities in the company [1] Group 1: Analyst Ratings and Market Outlook - Barclays analyst Tom O'Malley raised the price target for Micron Technology from $275.00 to $450.00, maintaining an 'Overweight' rating, reflecting confidence in the company's growth amid AI momentum [2] - The firm anticipates that AI will continue to drive growth in the semiconductor sector in 2026, positioning Micron as a key beneficiary due to its role in memory and storage for AI workloads [2] Group 2: Product Innovations - Micron introduced the 3610 NVMe SSD, the first PCIe Gen5 G9 QLC client SSD, which offers read speeds of up to 11,000 MB/s and write speeds of 9,300 MB/s, showcasing the company's commitment to innovation in AI-capable devices [3] - The new SSD features a 4TB single-sided M.2 2230 design, emphasizing improved performance-per-watt compared to previous generations, aligning with the trend of integrating data-center-grade technology into consumer devices [3] Group 3: Company Overview - Micron Technology provides memory and storage solutions across various markets, including compute, mobile, embedded, and storage, serving sectors such as AI infrastructure, data centers, PCs, smartphones, automotive systems, and enterprise applications globally [4]