semiconductor / news / / Benzinga
AI-driven demand is expected to exceed 50% of the memory market this year.
AI-driven demand is expected to account for over 50% of the memory market this year.
KEY POINTS
- Micron plans HBM4E production and multi-year customer agreements, signaling a shift to stable AI-driven growth.
- Memory supply constraints could persist through 2027 or 2028 due to long fabrication cycles.
- Micron’s estimated earnings for 2026 are $18.97 EPS and $33.51 billion revenue, both up significantly year-over-year.
- DA Davidson initiated Micron with a Buy rating and a $1000 price target in April 2024.
COMPANIES
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