Micron Stock Soars to Record High on AI-Driven Demand Surge

Analyst Upgrades Fuel Momentum

Shares of U.S. memory chip giant Micron Technology have emerged as one of the technology sector’s strongest performers in recent months. The stock reached a fresh 52-week high on Friday, extending its remarkable year-to-date advance of 57 percent. Market experts suggest this impressive rally may still have significant room to continue.

Wall Street’s optimism toward Micron gained substantial momentum last week following a series of bullish analyst actions. New Street Research increased its price target to $170 from $145 while maintaining its buy recommendation on Friday. This move came just one day after Citigroup analysts captured market attention by raising their target to $175.