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Buy Micron Stock, Analyst Says. It’s All About AI Server Demand.

Buy Micron Stock, Analyst Says. It’s All About AI Server Demand.

Micron Technology is poised to become a winner from the rising demand for artificial-intelligence semiconductors, according to New Street Research. On Tuesday, analyst Pierre Ferragu reaffirmed a Buy rating on the stock and reiterated his $150 target price. In early trading Tuesday, Micron stock rose 1.9% to $96.41.