Aletheia Lifts PT on Micron Technology, Inc. (MU) to $650 From $315

Core Viewpoint - Aletheia has significantly raised the price target for Micron Technology, Inc. (MU) to $650 from $315, driven by increasing demand for AI-related memory solutions, while Goldman Sachs also raised its target to $360 from $235, indicating a positive outlook for the company in the AI sector [1][2]. Group 1: Price Target Adjustments - Aletheia raised the price target on Micron Technology, Inc. (MU) to $650 from $315, maintaining a Buy rating [1] - Goldman Sachs increased its price target for Micron Technology, Inc. (MU) to $360 from $235, maintaining a Neutral rating [2] Group 2: Demand Drivers - The surge in demand for AI training and inference is driving massive consumption of High Bandwidth Memory (HBM) [1] - The emergence of agentic AI workloads requires large volumes of diversified memory solutions [1] Group 3: Product Innovations - Micron Technology, Inc. announced the shipment of the industry's highest-capacity low-power DRAM module, the 256GB SOCAMM2, marking a significant advancement for AI data centers [2] - The new 32Gb LPDDR5X design enables low-power memory capacity that can unlock new system architectures [2] Group 4: Business Segments - Micron Technology, Inc. operates through several segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU) [3]