Top 12 AI Stock News and Ratings Dominating Wall Street

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

Number of Hedge Fund Holders: 107

Micron Technology, Inc. (NASDAQ:MU) is an innovative memory and storage solutions provider. On December 16, Citi analyst Christopher Danely reiterated a “Buy” rating on Micron with a $150 price target. The rating, which comes ahead of Micron’s fiscal Q1 results on December 18, is driven by anticipations that the firm will report results and guidance slightly below the consensus. The legacy Dynamic Random Access Memory (DRAM) weakness is largely responsible for the anticipated low guidance. The analyst further told investors in a research note that the excess DRAM inventory should go away this spring, with data center demand providing support. All in all, the analyst is bullish on DRAM recovery, citing favorable supply/demand dynamics for 2025.

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