Biggest Micron bulls on Wall Street say they're even more confident now. Here's why

Markets are underestimating the long-term need for memory chips in the AI buildout, and shares of chipmaker Micron Technology stand to gain more than 30% from their current level, according to several Wall Street banks. DA Davidson doubled down on a $1,000 price target for Micron on Monday, citing "increased conviction" its buy rating. The stock is higher by close to 8% Monday, to more than $800. MU YTD mountain Micron stock year to date. …