BofA Sees Strong Growth in AI Investment, Backs Micron (MU) [Yahoo! Finance]
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Source: Yahoo! Finance
the global push for AI infrastructure is moving into a more stable phase. The research firm pointed out that annual capital investment in this area is expected to nearly triple to $1.4 trillion by 2030. According to BofA Securities, a steady “capex intensity” of 25% to 30% is expected as hyperscalers and sovereign entities invest in upgrading traditional IT systems to handle AI workloads. The research firm believes that Micron Technology, Inc. (NASDAQ:MU) is well-positioned in the memory subsector, especially in High Bandwidth Memory (HBM), which is essential for modern AI chips. BofA Sees Strong Growth in AI Investment, Backs Micron (MU) Analysts at BofA Securities pointed out that while Micron Technology, Inc. (NASDAQ:MU) has faced concerns about reaching “peak margin,” it is currently trading at the low end of its historical price-to-earnings range. At the same time, Micron Technology, Inc. (NASDAQ:MU) is expanding its capacity aggressively and plans to invest over $25 billio
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