Analysts revisit Micron stock price targets ahead of Q3 earnings

News Snapshot:

Micron Technology shares moved higher in early Monday trading, extending the memory-chip maker's extraordinary year-to-date gains, following a key price target upgrade from a top Wall Street analyst. Micron (MU ) has added around $60 billion in market value this year as investors see the group's high-bandwidth-memory (HBM) chips playing a key role in the AI-investment surge. HBM chips are designed to be embedded in larger artificial-intelligence semiconductors, including those made by Nvidia (NVDA) , to help boost system performance and reduce power consumption. Micron has also said that growing demand for its legacy DRAM memory products is likely to...