Investment bank DA Davidson significantly raised its price target for Micron Technology from $2,100 to $3,000 after the company reported record-breaking results, making it the highest expectation on Wall Street. This price target implies an upside of approximately 176%, backed by an extremely optimistic assessment that the memory supercycle will extend until 2028 and that structural changes on the demand side will rewrite the cyclicality of the memory industry. Gil Luria, DA Davidson's Head of Technology Research, believes that the demand for memory from AI infrastructure is immense and supply cannot keep up, predicting that memory demand will exceed supply in 2027 and 2028. He specifically noted that this demand primarily comes from large tech companies such as Amazon, Microsoft, Google, NVIDIA, and Apple, rather than the small and medium-sized customers who often defaulted in previous cycles. In contrast, Morgan Stanley's price target for Micron is only $1,200, indicating a significant divergence among investment banks.