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Micron Gets Buy Upgrade
Description
Melius Research upgraded Micron to buy with 41% upside potential as AI-driven HBM demand is expected to remain strong through the end of the decade. Micron gained 5.6% Monday after rising 550%+ over the past year. Sandisk rose 8.1% and is up over 3,000% in the past year with a market cap above $157B. Analyst Ben Reitzes expects Nvidia to increase memory investment as the AI cycle remains in early stages.
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