Micron is experiencing strong bullish sentiment driven by intensifying memory chip shortages and soaring AI-driven storage demand. Morgan Stanley named it a Top Pick, reiterating an Overweight rating and raising its price target to a record high of $338, citing tight supply that will drive pricing and margins. The stock has climbed nearly 159% year-to-date. Analysts remain confident in its growth potential, with strong demand for its highest-value data center products. Consumer electronics makers are stockpiling memory chips in anticipation of further price increases.