美银重申对美光的“买入”评级：半导体回调属健康修正

Bank of America reiterated its "Buy" rating on Micron, stating that the semiconductor pullback is a healthy correction. Odaily News: Bank of America Securities recently released a report on the semiconductor industry, pointing out that the recent sell-off in semiconductor stocks is a normal market correction, not a sign of weakening AI demand. Historical experience shows that semiconductor stocks often undergo consolidation in the summer; after the market completes profit-taking and valuation adjustments, a new wave of rebounds often arrives in the fall.

The report estimates that by 2027, global capital expenditure on cloud computing and AI infrastructure will approach $1.5 trillion, an increase of approximately 40% to 50% from current levels. Regarding memory chips, the firm believes that with the continued expansion of demand for HBM, DDR5, and enterprise storage, coupled with the ongoing demand from AI servers for DRAM and NAND Flash, the memory industry will remain a significant beneficiary of the AI investment wave, with clear room for valuation recovery. The firm reiterated its "Buy" rating on Micron and maintained its price target of $1,550, considering the company to be the most attractive investment target in the memory industry at present.