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Micron Technology (MU, Financials), is getting another boost from the AI-driven memory boom as stronger-than-expected DRAM pricing prompted Citi to raise its earnings estimates and price target.Citi analyst Atif Malik now expects Micron to generate $51 billion in fiscal fourth-quarter sales and $31…
Nvidia said soaring memory costs will push gross margin to 74% in the third quarter and 71%-72% in the fourth, down from 75% in the second quarter.
Micron, Western Digital, and SanDisk have surged as demand for AI infrastructure reshapes the memory market, with SanDisk leading the rally but Micron appearing as the cheapest on valuation metrics