Micron, Oracle and Semtech Are Getting Fresh Wall Street Attention as AI Infrastructure Demand Surges

Group 1: Core Insights - Wall Street is increasingly bullish on Micron Technology, Oracle, and Semtech due to rising demand for AI infrastructure, with analysts raising price targets for all three companies [1] - Micron has the strongest institutional momentum, with Citi raising its price target to $430 from $385 and Susquehanna increasing its target to $525 from $345, driven by strong DRAM and NAND pricing [1] - Oracle's analysts have reset expectations, with Barclays lowering its price target to $230 from $310 and Deutsche Bank cutting its target to $300 from $375, citing cash burn and margin pressures [1] Group 2: Company-Specific Summaries - Micron: Reported non-GAAP EPS of $4.78 against an estimate of $3.77, guiding Q2 revenue to $18.70 billion with a gross margin of 68%. Analysts expect DRAM prices to rise 171% in 2026 compared to 2025 [1] - Oracle: Q2 revenue of $16.06 billion missed estimates of $16.90 billion, with shares down 24% year-to-date. Remaining performance obligations reached $523 billion, up 438% year-over-year, while IaaS revenue grew 68% year-over-year to $4.08 billion [1] - Semtech: Price target raised to $100 from $90, with Q3 results showing record net sales of $267 million and free cash flow rising to $44.6 million year-over-year. Q4 guidance calls for net sales of approximately $273 million [1]