11 Trending AI News and Ratings

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

Number of Hedge Fund Holders: 107

Micron Technology, Inc. (NASDAQ:MU) designs and manufactures memory and storage products, serving diverse markets including data centers, automotive, mobile devices, and consumer electronics worldwide.

UBS has reaffirmed a Buy rating on Micron (NASDAQ:MU) with a price target of $125, adjusting its model based on recent industry pricing checks. The firm lowered its pricing outlook for 2025, as it expects prolonged inventory adjustments but expects a modest DRAM undersupply starting in Q4 2025 and continuing into 2026. UBS is optimistic about Micron’s HBM roadmap, especially its HBM3E 12-Hi chips for Nvidia, referencing competitor delays and positive updates shared at CES. Despite reducing NAND pricing forecasts, UBS highlighted supply discipline among key players like Micron, SK Hynix, and Kioxia, with Samsung expected to follow, predicting a better supply-demand balance by late 2025.

The firm further commented:

“Admittedly, while it is a bit hard to see an immediate catalyst, we see no change in the big picture story here – MU has established technology leadership and the HBM ramp is siphoning wafers away from traditional PC/smartphone memory markets meaning that the market is going to get very tight once again if we see any sort of traditional server refresh or AI PC cycle.”