Micron Extends Rally on AI Memory Demand With Barclays Target Hike and New SOCAMM2 Sampling

Overview

• Barclays raised its Micron price target to $240 with an Overweight rating, following earlier October increases from Mizuho and UBS that cited accelerating AI demand.
• Micron said it is sampling a 192GB SOCAMM2 module built on LPDDR5X that boosts capacity by 50%, improves power efficiency by over 20%, and can cut time to first token by more than 80% in real-time inference workloads.
• Forbes reported Micron shares have jumped 35.5% over the past 21 trading days, highlighting both enthusiasm for AI data-center buildouts and the risk of a sharp pullback.
• Jim Cramer called Micron’s products in short supply yet urged investors to wait for a pullback after what he described as a parabolic move.
• OptionsPlay’s Tony Zhang argued the stock remains undervalued at roughly 11x forward earnings, citing HBM growth supplying Nvidia, margin expansion to about 22%, and share gains versus Samsung.