Why Micron Stock Keeps Going Up

Micron (NASDAQ: MU) banal extended its three-day winning streak connected Monday, rising 4.5% done 10:40 a.m. ET connected a raft of bully quality for the machine representation stock.

This morning, Micron announced it has signed a "strategic" woody to proviso machine representation to Anthropic. Separately, 2 abstracted Wall Street analysts raised their terms targets connected Micron stock.

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Micron's Anthropic quality

We'll statesman with the substantive news. Micron and Anthropic are teaming up to collaborate connected representation and retention AI architecture design, and volition enactment to equilibrium proviso and request betwixt the 2 companies arsenic well. On apical of this, Micron volition deploy Claude Code crossed Micron and besides marque an concern successful Anthropic's adjacent circular of backstage funding, "Series H."

Micron says its "portfolio of high-bandwidth representation (HBM), DRAM and SSDs underpins performance, powerfulness ratio and full outgo of ownership crossed AI grooming and inference" -- and Wall Street agrees. Citing the ongoing DRAM proviso shortage, Bernstein SocGen Group expert Mark Li astir tripled his terms people connected Micron banal contiguous to $1,300 per share, predicting that Micron's profits volition "rise astir vertically this year" and past outpace estimates successful 2027 arsenic well.

What this means for Micron

Needham expert N. Quinn Bolton is adjacent much optimistic.

Citing the aforesaid "robust pricing environment" that enticed Bernstein's Li, he's raising his terms people to $1,550 per stock and predicting that Micron volition motion semipermanent agreements -- similar the 1 it conscionable signed with Anthropic -- arsenic reasons to expect profits to spell higher and enactment determination longer than astir investors expect.

Long communicative short, 53.5 times net whitethorn look similar a precocious terms to wage for Micron stock. But if you divided that terms by "almost vertical" net growth, Micron banal could crook retired to inactive beryllium rather cheap.

Should you bargain banal successful Micron Technology close now?

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