KeyBanc raised the firm’s price target on Micron (MU) to $600 from $450 and keeps an Overweight rating on the shares. The firm notes the company reported strong Q2 results and Q3 guidance, which meaningfully exceeded. Upside was driven by strong DC demand as Cloud and Core DC grew 163% year-over-year and 211% year-over-year, respectively. Micron also indicated it is in volume production shipments of HBM4 for Nvidia’s (NVDA) Vera Rubin, but did not update share expectations.
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