JPMorgan analyst Harlan Sur maintains an Overweight rating on Micron stock, suggesting a 36% upside over the next year. Micron beat expectations for its fiscal 3rd quarter as AI demand contributed around 50% of Micron's quarter-over-quarter growth in data center revenue. AI is also fueling demand for Micron's enterprise SSD products. Micron is well-positioned to capture memory content growth from expanding AI and accelerated computing, and Sur says the stock “should continue to outperform” into 2025.
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00:00It's Benzinga and here's what's on the block.
00:02JPMorgan analyst Harlan Sir maintains an overweight rating on Micron stock, suggesting a 36% upside
00:09over the next year.
00:10Micron beat expectations for its fiscal third quarter as AI demand contributed around 50%
00:15of Micron's quarter-over-quarter growth in data center revenue.
00:19AI is also fueling demand for Micron's enterprise SSD products.
00:24Micron is well-positioned to capture memory content growth from expanding AI and accelerated
00:28computing and Sir says the stock should continue to outperform into 2025.
00:33For all things money, visit Benzinga.com.