Prediction: Micron's Stock Price Will Reach This Level By the End of 2026
It's going on four years since OpenAI's ChatGPT introduced the world to generative artificial intelligence (AI), and the megatrend shows no sign of slowing down. Shares of Micron Technology (NASDAQ: MU) initially lagged behind early winners like Nvidia, but they are now playing catch-up in spectacular fashion, with the stock up about 600% during the past three years.
Despite the explosive growth, Micron's shares still trade at a reasonable price compared to alternatives in the technology industry. Let's find out why the memory chip company still looks poised for success and try to predict where the shares might end up by the end of 2026.
The AI hardware story usually focuses on graphics processing units (GPUs) and other similar chips that do the brunt of the work of running and training large language models (LLMs). But behind the scenes, computer memory is needed to store the vast quantities of data needed to train LLMs while also providing the "working memory" these algorithms need to access information in real time and respond to user queries.
Source Fool.com
Micron Technology Inc. Stock
The stock is one of the favorites of our community with 137 Buy predictions and 1 Sell predictions.
As a result the target price of 386 € shows a slightly positive potential of 3.82% compared to the current price of 371.8 € for Micron Technology Inc..
