Loading data, please wait a moment. We are fetching the latest content from the server and validating, organizing, and rendering it to ensure the information you see is accurate, complete, and up to date. Loading speed may be affected by your network, device performance, or the current amount of data, so a brief wait is normal. To avoid extra delays caused by duplicate requests, please don't refresh frequently or repeatedly click buttons, and don't close the page or switch to an offline network. The page will update automatically once the data is ready. If it takes noticeably longer, check your network connection and try refreshing or coming back later. If the issue persists, please let us know so we can investigate. Thanks for your patience and understanding.
Total MarketCap: $0 0
24H Vol: $0.00
BTC:
0 sat/vB
ETH: Gwei
BofA Reiterates "Buy" Rating on Micron: Semiconductor Pullback Is a Healthy Correction
OdailyJul 8, 2026
Merrill Lynch Securities’ latest semiconductor industry report states that the recent pullback in semiconductor stocks is a normal market correction, not a signal of weakening AI demand. Historical experience shows that semiconductor stocks often undergo consolidation during the summer months; after the market completes profit-taking and valuation adjustments, a new wave of rebound typically emerges in the fall.
The report forecasts that global cloud computing and AI infrastructure capital expenditures will approach $1.5 trillion by 2027, representing a 40% to 50% increase from current levels. Regarding memory chips, the bank believes that with continued expansion in HBM, DDR5, and enterprise storage demand—coupled with ongoing AI server-driven demand for DRAM and NAND Flash—the memory industry remains a key beneficiary of the AI investment wave, and clear room for valuation recovery still exists. The bank reiterates its “Buy” rating on Micron and maintains its price target of $155.00, viewing the company as the most attractive investment within the current memory industry.[Odaily]
Powered by ChatGPTAll You Need to Know in 10s