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Micron Technology Inc. (NASDAQ:MU) shares climbed Wednesday, rebounding after a week of declines driven by concerns over potential disruption in AI memory demand.
Investors previously fled due to fears that the new TurboQuant algorithm from Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) would slash demand for AI memory chips.
Analysts Dismiss Demand Concerns
Market experts are pushing back against bearish sentiment. Bank of America Securities analyst Vivek Arya maintained a $500 price target on Micron. Arya noted the improvement likely leads to a “6x increase in accuracy and/or context length, rather than 6x decrease in …
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