Shares of memory chips maker Micron (NYSE:MU) jumped 8.4% in the afternoon session as markets experienced a boost after data from the Bureau of Labor Statistics revealed that inflation for the month of February 2025 came in better than expected.

While down compared to late December 2024, the price target forecasts a 40% upside, and the revision trends show conviction firming around this range. Citigroup is the most recent to issue coverage, calling Micron one of the two top AI-related picks despite broad sector weakness in January.