Micron may follow Nvidia and AMD with this move that could send its stock higher, Citi says
1. Micron is benefiting from increased AI demand for DRAM memory chips. 2. Citi Research predicts a long-term pricing upturn for DRAM due to expected contracts. 3. Fiscal 2026 revenue guidance raised to $62.5 billion from $56 billion. 4. Gross margins projected to peak at 60% in fiscal Q3 2026. 5. Citi raised Micron's price target to $240, reflecting strong AI-driven growth.