Micron Forms AI Alliance with Anthropic. Price Target Soars to $1,550 Ahead of Quarterly Earnings
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Micron Technology and the AI company Anthropic have established a far-reaching strategic partnership to develop the next generation of AI infrastructure. The research firm Needham has raised its price target for the shares of the memory manufacturer from $500 to $1,550 (an increase of 210%) ahead of the quarterly earnings. Long-term supply agreements and persistently high demand ensure historically high revenue transparency for years to come in a robust pricing environment. The Strategic AI Pact The US semiconductor company Micron...
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