Micron's AI Memory Push Could Propel MU Toward $1,500

Micron (MU) could become a key AI infrastructure player by supplying high‑bandwidth memory near GPUs, a shift that could push MU toward $1,500 if demand remains durable and multi‑year supply deals hold. The company has benefited from AI-driven demand for DRAM/NAND/HBM, with next‑quarter revenue guidance around $33.5 billion and EPS of about $18.97, and HBM4 supply reportedly sold out under contracts. However, a Nvidia‑like re‑rating depends on sustained demand and investors valuing memory cycles more richly, while analyst targets imply meaningful downside risk from MU's current price.