Micron $MU has gone through an "AI re‑rating" straight out of the textbook: the stock jumped nearly 20%, crossed the $1 trillion market-cap mark, and UBS poured fuel on the fire by raising the price target from 535 to 1 625 USD and declaring that AI is structurally changing the entire memory business.
Which camp are you in? Micron — sell/buy more/hold? For my part, I can say I’ll keep holding. I don’t know how sci‑fi the 1 625 price tag is, but I still see room for growth.
At what price did you manage to buy Micron, whether this year or in previous years?
I have an average of $73.71, so I’m satisfied :-) I only bought 10 shares, so nothing grand, but I’m still happy :-) In any case, I’m holding on, if only because I don’t feel like sending money to Alena :-)
I have an average price of $192, but unfortunately I don’t have that much money. Still, that green number looks nice. MU probably won’t drop all the way — I’m thinking of increasing my position a bit.
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Barclays has now joined UBS in raising the price target, so hopefully the local bears will read it and tell us where those analysts are wrong ;)