UBS analyst Timothy Arcuri lifted his Micron price target to $1,625 on Tuesday, implying a $1.8tn valuation, on the basis that long-term HBM agreements compress the memory cycle.

UBS analyst Timothy Arcuri triples Micron's price target to $1,625 from $535, citing AI-driven demand for high-bandwidth memory and projected EPS above $100 through 2029.

May 26 : Shares of Micron Technology climbed about 14.2 per cent in early trading on Tuesday after brokerage UBS sharply raised its target price for the stock citing stronger AI…