Micron Just Got A New $950 Price Tag: BofA Raised 4 Other AI Chip Stocks Too

Bank of America expert Vivek Arya astir doubled its terms people connected Micron Technology Inc. (NASDAQ:MU), lifting it from $500 to $950 connected Wednesday.

The determination arrived alongside higher targets connected 4 different AI hardware names and a 3rd upward revision successful eleven months to the firm’s 2030 forecast for artificial quality infrastructure spending.

Bank of America present sees the addressable marketplace for AI information halfway systems reaching $1.7 trillion by 2030.

That fig was $1.4 trillion successful February. It was $1.2 trillion successful December. It was $823 cardinal past June.

In summation to Micron, Arya raised terms targets connected the firm’s apical AI hardware names:

• Nvidia Corp. (NASDAQ:NVDA) was lifted from $300 to $320

• Marvell Technology Inc. (NASDAQ:MRVL) from $125 to $200

• Advanced Micro Devices Inc. (NASDAQ:AMD) from $450 to $500, and

• Coherent Corp. (NYSE:COHR) from $365 to $400.

Read Also: Why Silver, Power And Chemicals Will Be The Next Micron Trade, Top AI Expert Says

Why Micron Got The Biggest Move

“We presumption representation proviso elasticity arsenic present structurally lower,” Arya wrote, pointing to capital, packaging, power, and geopolitical constraints that person made it harder for representation makers to grow capableness quickly.

The accusation is uncomfortable for anyone who has been waiting for representation pricing to mean-revert the mode it ever has.

It mightiness not.

Micron’s fiscal 2026 superior expenditure guidance of much than $25 cardinal is astir treble what it spent successful fiscal 2025. Most of that wealth is going into gathering cleanrooms alternatively than buying the instrumentality that fills them.

The caller Idaho fab won’t present its archetypal output until mid-2027. The Singapore precocious packaging installation for precocious bandwidth representation starts contributing successful aboriginal 2027.

Meaningful caller proviso is simply a 2028 story.

Demand Does What Demand Does When Supply Is Fixed

BofA’s supply-demand sufficiency ratio stays beneath 110% done 2028 successful some DRAM and NAND, a level that historically signals pricing powerfulness sits with the sellers.

The firm’s HBM forecast present reaches $168 cardinal by 2030, up from $35 cardinal successful 2025. Memory contented per AI accelerator climbs from 187 gigabytes contiguous to 464 gigabytes by 2030.