10 AI News Investors Shouldn’t Miss

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4. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 107

Micron Technology, Inc. (NASDAQ:MU) is an innovative memory and storage solutions provider. With the demand for high-performance memory growing with AI advancements, the company is well-positioned to benefit considering its DRAM and NAND flash products are critical for AI applications. On December 16, JPMorgan reiterated its “Overweight” rating and $180.00 price target for Micron Technology (NASDAQ:MU).

“Despite the near-term weakness, we continue to believe the down-cycle in memory will be short-lived and expect market conditions to improve in the latter part of 2025 as leading-edge DRAM supply remains tight and strong AI server demand continues to drive growth in HBM/ DDR5,” the 5-star analyst summed up. “In this regard, we maintain a positive view on the stock in 1H 2025 as the market starts to discount a recovery in revenue/pricing/GMs in 2H 2025.”

-J.P. Morgan analyst Harlan Sur.

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