Micron Technology earns Strong Buy rating from Seeking Alpha amid AI skepticism

1 week ago 5



Micron Technology is sitting at the center of one of the more interesting disagreements in tech investing right now. On one side, Seeking Alpha contributors handed the memory chipmaker a Strong Buy rating in September 2026, pointing to long-term supply agreements and surging AI-driven demand. On the other, Goldman Sachs assigned Micron a Neutral rating around the same time, part of a broader note flagging a significant cooldown in how investors are valuing AI infrastructure stocks. The bull case: memory is the oil of the AI economy Seeking Alpha’s Strong Buy call came with a price target of $2,463 per share. The core thesis centers on DRAM and NAND memory, where Micron is one of a small number of companies globally that can produce these components at scale. Analysts backing the Strong Buy view point specifically to Micron’s supply commitment agreements, long-term take-or-pay contracts where customers agree to purchase set volumes of memory over extended periods. Micron has secured more than $2 billion in customer deposits through these arrangements. Multiple Seeking Alpha contributors covering Micron in 2026 have cited high gross margins alongside structural AI demand as reasons t...

Read Entire Article