BlockBeats News, May 27th, Senior Star Analyst at UBS, Timothy Arcuri, released a latest research report, raising Micron Technology's 12-month target price from $535 directly to $1625, a staggering 204% increase, setting a new Wall Street record for MU's highest target price. At the same time, the "Buy" rating was maintained. Stimulated by this news, Micron soared nearly 20% at the morning U.S. stock market close, with a market value surpassing the $1 trillion mark, hitting a new all-time high. Timothy Arcuri's optimistic forecast has injected the strongest catalyst into the AI memory sector.

Timothy Arcuri is no ordinary analyst. He has consistently ranked in the top 5 of TipRanks' global analyst ranking, covering giants such as NVIDIA, Apple, and Tesla. His historical success rate of recommendations is 73%, with an average return of 33%, and his success rate in NVIDIA recommendations reaching as high as 94%. He is known for daring to make bold judgments on the semiconductor cycle, with an astonishing track record: in June 2018, he accurately predicted the peak of the memory cycle, issued a "Sell" rating for MU, and the stock price subsequently plummeted by 51%; in 2020, he decisively switched to "Buy" and perfectly caught the rebound.

The core logic behind Arcuri's significant target price increase this time is: the memory industry is undergoing a structural transformation driven by AI. Long-term supply agreements have been implemented industry-wide, with up to 30% of DDR capacity being locked in at prices close to current levels, significantly enhancing memory manufacturers' pricing power. Micron's future EPS is expected to continue to grow at a high rate, to the point where it is even "not reasonable to let MU's P/E ratio differ too much from NVIDIA's," with the target price based on a 15x NTM P/E multiple. Previously, the highest target price on Wall Street was only around $1100. Arcuri's 204% skyrocketing revision has directly pushed the market's expectations for Micron's AI high-bandwidth memory long-term prospects to the maximum. Institutions generally believe that this report will be the strongest driver of Micron's stock price in the short term.