35 AI News You Should Not Miss

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9. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holders: 120   

Micron Technology (NASDAQ:MU) makes and sells memory and storage products. Investment advisory KeyBanc recently lowered the price target on the stock to $135 from $145 and kept an Overweight rating on the shares. In an investor note to clients, the advisory said it expected Micron to garner significant share on HBM3E – the fastest, highest-capacity high-bandwidth memory to advance AI innovation – as Samsung continued to struggle with its performance and to become fully qualified on Blackwell. The note further added that as a result, Samsung would convert its unused HBM capacity back to traditional DRAM, which would result in oversupply in the first half of 2025.

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