Bank of America goes bullish on AI stock Micron (NASDAQ: MU) and has raised its target for the equity. MU is among the top-performing stocks in 2026 as it surged nearly 155% year-to-date. Traders have more than doubled their money in less than five months, making it the most talked-about asset in the broader US markets. The rally came in April, where it surged by nearly 75% in a month.
On the heels of the ongoing bullish rally,Bank of America has predicted that Micron stock could reach $950 next. MU opened Thursday’s bell at $803 and is forecasted to surge by another 18% from its current price value. Retail investors and institutional funds have been making a beeline to accumulate MU as the stock has only been rising this year. An investment in MU now, even above the $800 level, could still reap profits to investors, according to BofA.
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If Bank of America’s price prediction turns out to be accurate, an investment of $1,000 in Micron stock could turn into $1,180. That’s stellar returns, as not every asset is capable of delivering double-digit gains in the market. Since MU is now at the center of the AI industry for manufacturing and supplying semiconductor memory and data storage, the demand for the products is high in data centers.
Therefore, revenues for Micron will keep flowing until 2030, with tech titans depending on memory, which acts as the primary function in data centers. High-bandwidth memory, constant supply of energy, fiber cables, and high-density racks are the most important products for data centers to function. Micron stock could remain at the top of the charts, due to the rising demand in data centers, according to Bank of America.
Source: Watcher Guru
