Micron

Headlines · 2

1. 5h
   DA Davidson lifts Micron target to $3,000 on AI memory demand

   Analysts led by DA Davidson's Gil Luria raised their Micron price target to $3,000 from $2,100 and reiterated a Buy rating, arguing that AI-driven memory demand will keep the company growing over the next three to five years and that memory will be undersupplied in 2027 and 2028. The report said demand now comes from large US enterprises such as Amazon, Microsoft, Google, Nvidia and Apple, and that longer supply agreements with customers improve visibility. Micron shares rose 4.06% to $1,088 on Oct. 7; the company is expected to start a large buyback in December, when CHIPS Act restrictions on repurchases lapse.

   科技新报 · 🔥 9
2. 9h
   Samsung guides to record Q3 operating profit of $80B as AI memory demand surges

   Samsung Electronics' preliminary third-quarter results put operating profit at KRW 107.4 trillion (about $80bn), up roughly 783% from KRW 12.17tn a year earlier and above KRW 100tn for the first time, marking a fourth straight record quarter. Revenue is estimated at KRW 195tn, up 127% year on year, on DRAM, NAND and HBM demand from AI servers. Full results are due on October 29.

   Bloomberg Technology · 🔥 50

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