Micron: From Memory Cyclicals to Hotly Traded AI Beneficiaries

Rating up, risk down: S&P has upgraded the outlook for Micron from "stable" to "positive" – a vote of confidence in its earnings power and market position. Analysts in bull mode: Several firms have raised their price targets and see Micron as a clear beneficiary of the AI investment boom in data centers. Micron is one of those stocks that suddenly appears everywhere when the "next beneficiary of the AI wave" is mentioned. For years, the company was considered a boring memory manufacturer by many investors, with business fluctuating in line...