Mizuho Raises Micron, Sandisk Targets on AI Memory
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- Mizuho raised price targets for Micron (MU) and Sandisk (NASDAQ:...), citing strong demand for agentic AI workloads.
- Micron's market valuation topped $1 trillion as AI‑driven high‑bandwidth memory demand lifted its market cap, per Yahoo Finance.
- SK Hynix entered an exclusive partnership, reflecting South Korea’s strategic realignment amid the AI‑driven memory boom.
- WSJ reported that AI has made memory chips more valuable than oil, highlighting the sector’s soaring profitability.
Why it matters: Investors in Micron and Sandisk stand to gain from higher price targets, while competitors risk being outpaced; the AI‑driven valuation surge pushes sector market cap above $1 trillion, attracting more capital and prompting strategic partnerships.
