Investment banks have identified storage and memory as critical growth areas in AI infrastructure, according to recent reports. Analysts have highlighted a shift in demand from GPUs to backend storage and power solutions, prompting significant upgrades in asset ratings. Notably, Susquehanna and GF Securities have issued Positive/Buy ratings for SanDisk, with target prices of $3,250 and $1,277, respectively, due to a supply-demand imbalance in NAND and enterprise SSDs.
Raymond James has raised Micron's price target from $530 to $1,100, citing strong AI memory demand and rising HBM/DRAM prices. Other notable adjustments include BofA's increase of Silicon Motion's target price to $450 and Goldman Sachs maintaining a Buy rating on Nvidia with a $285 target. These developments align with the recent surge of memory giants Micron and SK Hynix into the trillion-dollar market cap club.
AI Infrastructure Reports Highlight Storage and Memory as Key Growth Areas
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