On June 18th, Micron Technology (MU.US) rose 4.58% to a historical high of $147.83, with a total market value of $163.7 billion. In terms of news, Bank of America raised Micron Technology's target price from $144 to $170. Analysts said that as more high-bandwidth memory (HBM) is used in the cloud, and DRAMs that support AI PCs and smart phones increase by 12% to 15%, Micron Technology should benefit. The bank said that even though there are no essential AI applications on phones and PCs yet. However, consumer hardware companies will try to use growing consumer interest and the momentum of software ecosystems to drive faster upgrade cycles.
美股异动丨美光科技收涨4.58%创新高，美银将其目标价上调至170美元
Micron Technology rose 4.58% to a new high, and Bank of America Merrill Lynch raised its target price to $170.
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