[On the eve of Micron’s earnings report, super bulls reiterated a $2,000 target price] September 29th, on the eve of Micron Technology’s earnings report on Wednesday, a super bull of the memory chip giant reiterated a $2,000 target price for the stock, which is close to the highest level on Wall Street. The target price given by D.A. Davidson analyst Gil Luria is about 100% higher than Micron Technology's latest closing price. Luria pointed out that memory is the key to running large AI models. The larger the memory capacity, the better the model, the faster the reasoning, and the longer the context window. Market participants across the board have repeatedly said that demand is still skyrocketing and that it will take at least a year for new supply to catch up. The current valuation multiples given by the market have ended the pricing storage cycle, but the demand for AI computing power continues to grow.