Micron Invests $24 Billion in New Fab
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17h ago
0mins
Source: stocktwits
- Major Investment Plan: Micron has announced a $24 billion investment to build an advanced NAND memory chip fabrication facility in Singapore, expected to be completed over the next decade, significantly enhancing its competitiveness in the global memory chip market.
- Taiwan Expansion Intent: Micron is in talks to acquire a manufacturing site from Powerchip for $1.8 billion, which, if successful, will boost its DRAM wafer output and further solidify its position in the rapidly growing AI data center market.
- Strong Stock Performance: Micron's stock has quadrupled in the past 12 months, reflecting strong market expectations driven by tight memory chip supply and surging AI demand, which continues to fuel bullish investor sentiment.
- Optimistic Analyst Ratings: According to Koyfin, 37 out of 43 analysts recommend 'Buy' or higher for Micron, although the average price target of $354.21 is 9% below the last closing price, indicating confidence in Micron's future growth potential.
Analyst Views on MU
Wall Street analysts forecast MU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MU is 336.12 USD with a low forecast of 235.00 USD and a high forecast of 500.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
24 Buy
2 Hold
0 Sell
Strong Buy
Current: 389.090
Low
235.00
Averages
336.12
High
500.00
Current: 389.090
Low
235.00
Averages
336.12
High
500.00
About MU
Micron Technology, Inc. provides memory and storage solutions. The Company delivers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands. The Company's products enable advancing in artificial intelligence (AI) and compute-intensive applications. Its segments include Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). CNBU segment includes memory products and solutions sold into the data center, PC, graphics, and networking markets. MBU segment includes memory and storage products sold into the smartphone and other mobile-device markets. EBU segment includes memory and storage products and solutions sold into the intelligent edge through the automotive, industrial, and consumer embedded markets. SBU segment includes SSDs and component-level storage solutions sold into the data center, PC, and consumer markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
