Micron Stays Wall Street Favorite as Memory Chip Demand Firms Up

Micron Technology continues to draw bullish analyst commentary tied to strengthening demand for memory chips, the components used to store data in computers and servers. Separately, CNBC's Jim Cramer said he holds what he called a 'giant position' in Micron for his charitable trust, citing the same demand trend. The memory chip market has historically swung between shortage and glut, so sustained analyst confidence signals a belief that current pricing strength has more room to run, likely tied to AI server buildouts that require large amounts of memory. What is unresolved is how long the current pricing cycle lasts before memory supply catches up with demand, a pattern that has ended previous Micron rallies.