BofA bumped on Micron's $MU fiscal 2027 revenue estimate to $275.4 billion from $230.3 billion and fiscal 2028 sales to $317 billion from $244.1 billion.ย Reiterated price target of $1550.
Seagate (STX) and Western Digital (WDC) shares fell 7% and 5%, respectively, in premarket trading on Friday after Nikkei Asia reported Toshiba (TSHTY) could double the amount of hard disk drive supply available.
Data center spending could reach $31T by 2050 in the central scenario, with AI equipment spending outpacing construction costs.
Potential beneficiaries: $NVDA, $MU, $SNDK, $INTC, $AVGO, $ANET, $VRT, $CRDO, $GEV, $TSM.
JPMorganโs Harlan Sur expects Micron ($MU) to beat Street estimates: $51.4B revenue, 86.2% gross margin & $31.73 EPS. He sees HBM supply remaining tight through 2028. Sur rates MU Overweight with a $1,540 price target.