Micron Technology Inc. (NASDAQ:MU) has received a significant boost in its price target from Mizuho analyst Vijay Rakesh, who raised it to $390 from $290. This adjustment, announced on January 9, 2026, comes with an Outperform rating for the company’s shares, reflecting optimism about Micron’s prospects in the growing AI memory sector.
Mizuho’s latest semiconductor outlook indicates a revised forecast for the industry, anticipating continued growth, albeit at a more moderate pace compared to 2025. The firm specifically highlighted the potential of AI accelerators, wafer fab equipment, optical components, and memory technologies. In contrast, Mizuho expressed caution regarding the automotive, analog, and consumer hardware markets, including handsets and personal computers.
In a separate announcement, Micron unveiled the Micron 3610 NVMe SSD on January 6, 2026. This product is notable for being the first industry PCIe Gen5 G9 QLC SSD tailored for client computing needs. Leveraging Micron’s advanced G9 NAND technology, the SSD aims to deliver exceptional performance and high capacity, catering to mainstream PCs, ultra-thin laptops, and AI-ready devices. The product will be available in capacities ranging from 1TB to 4TB and is currently in the sampling phase with select original equipment manufacturer (OEM) partners.
The Micron 3610 SSD incorporates data center-grade security features, including Data Object Exchange and Device Identifier Composition Engine, which enhance user data protection. Positioned strategically between Micron’s premium Gen5 4600 series and its value Gen4 offerings, the 3610 SSD seeks to democratize access to high-end Gen5 performance while optimizing battery life for the upcoming generation of hybrid work and gaming laptops.
Micron Technology Inc. operates in various regions, including the US, Taiwan, Singapore, Japan, Malaysia, China, and India, designing, developing, manufacturing, and selling memory and storage products globally.
While the potential for growth in Micron is clear, some analysts suggest that other AI stocks may offer even greater upside potential with lower downside risk. For those seeking AI investments that could deliver substantial returns, additional reports are available, highlighting promising opportunities in the sector.
This analysis underscores the dynamic nature of the semiconductor market, particularly as companies like Micron position themselves to capitalize on the burgeoning demand for AI-driven technologies. As the landscape evolves, investors will be watching closely for further developments in this critical industry.
