BofA raised the firm’s price target on Micron (MU) to $950 from $500 and keeps a Buy rating on the shares. The firm updated its calendar year 2030 AI data center systems total addressable market outlook to about $1. 7T from $1.4T previously estimated, stating that 2026 will continue to be a year of accelerating AI sales and ROIs and that 2027 could see improving tokenomics/efficiency as new architecture compute and memory systems ramp.
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