On June 18th, Micron Technology (MU.US) pre-market trading continued to rise by more than 1.5%, reaching $150.07. After opening, the momentum is expected to refresh yesterday's historical high. On the news front, according to **** media, the upstream storage chip supply chain revealed that the HBM orders of upstream storage factories will be fully booked by 2025, and the order visibility can reach the first quarter of 2026. SK hynix and Micron's HBM will be sold out in advance in 2024, and orders for 2025 are also close to full load. In addition, Bank of America issued a research report, raising Micron Technology's target price from $144 to $170. The reason is that the boom created by generative artificial intelligence is beginning to shift towards consumer devices including PCs and smartphones. Furthermore, as more high-bandwidth memory (HBM) is applied in the cloud and the DRAM supporting artificial intelligence PCs and smartphones will increase by 12% to 15%, Micron Technology should benefit.
美股异动 | 美光盘前续涨超1.5% 供应链透露其2024年HBM提前售罄+美银上调目标价
US stock market news: Micron rose more than 1.5% in pre-market trading and the supply chain disclosed that its HBM is expected to be sold out ahead of schedule in 2024, while Bank of America raised its target price for silver.
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