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Micron's Record Run Isn't Over Yet, According to These Wall Street Bulls

1. Micron's stock rose 3% to around $193, extending its rally. 2. Morgan Stanley upgraded MU's rating to 'overweight', raising the price target to $220. 3. Significant demand for high-bandwidth memory is driven by AI growth expectations. 4. Micron benefits from partnerships with Nvidia and AMD, supporting record sales. 5. AMD's deal with OpenAI positively influenced Micron's stock performance.

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FAQ

Why Very Bullish?

Upgrades reflect strong growth potential; Micron's revenue growth tied to AI increases positive sentiment.

How important is it?

Analyst upgrades and positive market sentiment regarding AI growth are crucial for Micron's future performance.

Why Short Term?

Recent upgrades and partnerships are likely to influence stock movement in the near future.

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