BofA resets Micron forecast as AI memory tax rises — SkimNews
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- Bank of America reset its Micron stock forecast, citing a rising AI-driven 'memory tax' on RAM pricing.
- Micron extended its forecast for the AI build-out to 2031, framing the demand cycle as historically long.
- Memory industry executives expect the RAM shortage to continue through 2028, signaling sustained supply tightness.
Why it matters: Three independent reads on the same story — BofA's analyst note, Micron's own guidance, and industry executive warnings — all point in the same direction: memory demand from AI is outstripping supply on a multi-year horizon. That convergence gives Micron pricing power and gives BofA a reason to revise its model upward, with the supply squeeze lasting at least into 2028 and Micron itself modeling demand out to 2031.
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