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Micron Surpasses Expectations on AI Boom | Business and Finance News
Description
Micron just shattered expectations with a $41.46 billion Q3 revenue surge and $25.11 EPS—boosting AI-driven forecasts to $50 billion for the current quarter. Wall Street’s buzzing: Deutsche Bank raised its target to $1,550, DA Davidson to $2,000, and Cantor Fitzgerald joined the chorus, all citing AI demand and multi-year contracts as key drivers. Analysts call it “stunning”—but remember, upgrades don’t guarantee gains. Do your own research before betting on the stock.
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