BofA raised Micron's price target to $1,500, citing AI memory demand and compressed valuations under 10x earnings. Here's why it matters for tech and

Micron's quarterly earnings report follows a 700% surge in the memory maker's stock price over the past year.

Micron's revenue has surged by over four times, reaching $41.46 billion in its fiscal third quarter, driven by the booming AI sector and a global memory crunch. The company's…