“Memory is 'the most critical architectural pillar' in AI, because it enables AI performance and power efficiency — reiterating a Buy rating and a $1,550 price objective on Micron (roughly 77% above the current share price), with memory supply expected to stay tight through 2027 and 2028.”

A reiteration of the $1,550 objective Arya first set in mid-2026, issued after meetings with Micron management; Micron traded around $890-$915 at the time, and BofA price objectives reflect a 0-12 month return horizon.