Gil Luria, senior analyst at DA Davidson, said that Micron will be on a growth trajectory for the next 3 to 5 years, which is exactly what the market is not fully aware of. He expects demand for memory to exceed supply in 2027 and 2028. AI has actually transformed memory from a highly cyclical product to a mission-critical component of AI infrastructure. Analysts sharply raised Micron's target price from $2,100 to $3,000 and reaffirmed the “buy” rating.

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