Micron Technology earns Strong Buy rating from Seeking Alpha amid AI skepticism

Micron Technology is sitting at the center of one of the more interesting disagreements in tech investing right now. On one side, Seeking Alpha contributors handed the memory chipmaker a Strong Buy rating in September 2026, pointing to long-term supply agreements and surging AI-driven demand. On the other, Goldman Sachs assigned Micron a Neutral rating around the same time, part of a broader note flagging a significant cooldown in how investors are valuing AI infrastructure stocks. The bull case: memory is the oil of the AI economy Seeking Alpha’s Strong Buy call came with a price target of $2,463 per share. The core thesis centers on DRAM and NAND memory, where Micron is one of a small number of companies globally that can produce these components at scale. Analysts backing the Strong Buy view point specifically to Micron’s supply commitment agreements, long-term take-or-pay contracts where customers agree to purchase set volumes of memory over extended periods. Micron has secured more than $2 billion in customer deposits through these arrangements. Multiple Seeking Alpha contributors covering Micron in 2026 have cited high gross margins alongside structural AI demand as reasons t...