Cantor Fitzgerald’s CJ Muse predicts Micron earnings growth through 2028 - Crypto Briefing

Cantor Fitzgerald's semiconductor analyst CJ Muse has significantly raised Micron Technology's price target from $700 to $1,500, citing a sustained global memory supply shortage that he believes will ... Read original →

CJ Muse’s aggressive $1,500 price target for Micron stems from AI-driven HBM demand fundamentally reshaping the memory cycle. Technically, HBM3E/HBM4’s reliance on TSV and CoWoS packaging is forcing tight integration between Micron, TSMC, and Samsung—creating a vertically aligned stack that excludes lagging DRAM players. Geopolitically, while U.S. export controls raise Micron’s operational costs in mainland China, its diversified manufacturing footprint across Japan and Taiwan, China mitigates supply chain risk. In response to SK Hynix’s HBM dominance, Samsung may counter with bundled NAND-DRAM deals, but Chinese rivals like YMTC remain constrained by equipment bans. Over the next 18 months, HBM capacity will act as the de facto currency of AI capex, and Micron’s multi-year contracts could finally break the sector’s historic volatility—ushering in sustained, structural profitability.