Is Micron Technology Inc. (MU) One of the Must-Buy US Stocks to Invest In

Micron Technology Inc. (NASDAQ:MU) is one of the must-buy US stocks to buy now. On October 28, Mizuho Securities analyst Vijay Rakesh reaffirmed his Buy rating on Micron and set a price target of $265.

A day earlier, on October 27, Citi analyst Christopher Danely reiterated a Buy rating on Micron Technology Inc. (NASDAQ:MU) stock and raised the price target to $275 from $240. The price target hike comes amid expectations that the company will benefit from dynamic random-access memory (DRAM) pricing increases of 25% in the fourth quarter relative to the third quarter.

The 25% increase will represent the biggest quarter-over-quarter price jump since the 1990s. A significant spike in demand for artificial intelligence is expected to drive the rise. Likewise, a limited supply has driven DRAM spot prices up by almost 50%. The Citi analyst expects the significant jump in DRAM prices to drive Micron’s earnings, potentially leading to a 20% quarter-over-quarter increase in earnings.

Previously, on October 22, Micron Technology began sampling its new 192GB SOCAMM2 memory modules built on LPDDR5X and 1-gamma DRAM process tech, aimed at boosting efficiency in AI data centers. These compact modules offer a 50% capacity jump over earlier versions, cut power usage by over 20%, and reduce inference startup time by more than 80%. With speeds up to 9.6 Gbps and a third the size of RDIMMs, they’re designed to handle demanding AI workloads. Micron is aligning production with customer timelines and continuing its work with NVIDIA and industry groups on standardization.

Micron Technology Inc. (NASDAQ:MU) manufactures memory and storage solutions, including DRAM, NAND, and NOR flash memory. Its products are used in a wide range of devices and technologies, from consumer electronics and PCs to data centers, 5G networks, and automotive systems.

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Disclosure: None. This article is originally published at Insider Monkey.