Micron Technology, Inc. (NASDAQ:MU) is one of the 10 Hot Large Cap Stocks to Buy Now. Analyst Aaron Rakers from Wells Fargo maintained a Buy rating on Micron Technology, Inc. (NASDAQ:MU) on June 11, keeping the price target at $130.00. The analyst based the rating on the company’s market positioning and advancements, stating that its recent announcement of the start of sample shipments of 36GB HBM4 12-High to key customers reflects a continuous and focused execution of the technology roadmap.
A close-up view of a computer motherboard with integrated semiconductor chips.
The analyst reasoned that this new product leverages the company’s advanced 1-beta DRAM process, providing notable performance enhancement and power efficiency improvements compared to the previous generations.
Micron Technology, Inc. (NASDAQ:MU) also has a strategic focus on customizing logic base die with HBM4E+ and expanding the HBM:DDR5 trade ratio, factors that the analyst considers strong indicators of growth in the high-bandwidth memory market.
The analyst further reasoned that Micron Technology, Inc. (NASDAQ:MU) underwent significant revenue growth in its HBM segment in fiscal Q2 2025, exceeding $1 billion and suggesting continued growth in the upcoming quarters.
Micron Technology, Inc. (NASDAQ:MU) provides innovative memory and storage solutions. Its operations are divided into the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU).
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