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Bank of America Projects Micron's Earnings to Grow 34% Annually Through Fiscal 2030, Driven by AI Memory Demand
Bank of America Global Research forecasts Micron Technology's earnings per share (EPS) to reach $236 by fiscal 2030, representing a 34% annual growth rate. The bank believes the market is underestimating the sustained impact of the AI memory boom, noting that Micron's DRAM revenue surged 343% year-over-year in fiscal Q3 2026, largely powered by high-bandwidth memory (HBM) demand.
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