12 AI News and Ratings Investors Are Watching Right Now

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

Number of Hedge Fund Holders: 107

Micron Technology, Inc. (NASDAQ:MU) specializes in memory and storage solutions, serving markets such as data centers, automotive, and mobile devices. The company focuses on developing high-speed, low-latency memory and storage technologies, catering to industries including AI and other advanced computing applications.

On December 20, DBS analyst Jim Hin Kwong Au maintained a Buy rating on Micron with a price target of $149, citing the company’s strong position to benefit from the growing demand for AI-driven memory and storage solutions, as per TipRanks. Micron’s advancements in NAND and DRAM technology, along with its focus on next-gen nodes, give it a competitive edge. The digital transformation in data centers is also expected to drive growth, despite a slight earnings miss.

Earlier, Morgan Stanley analyst Joseph Moore Moore lowered Micron’s price target to $98 from $114, maintaining an Equal Weight rating. This adjustment follows the company’s Q2 revenue guidance falling short of expectations, driven by a decline in NAND revenue, with AI growth expected to be impacted by commodity weakness. More details in our report: 10 AI News Investors Shouldn’t Miss.

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