SanDisk Investor Day Spurs Micron Bull Case to $1,550

SanDisk's 2026 investor day argues for a more durable memory cycle, citing a $93.9 billion customer backlog and multiyear supply agreements (NBMs) that could support sustained AI infrastructure demand. Bank of America reiterates a bullish MU case with a $1,550 target, projecting MU could reach roughly $200–$250 in EPS by 2030 and potentially re-rate to 12–15x P/E if earnings volatility stays low. Risks remain around AI-spend sustainability, competition, and how Micron deploys cash. Overall, SanDisk's framework suggests a steadier memory market, which could amplify Micron's upside if demand holds.