Institutional sentiment is extremely bullish on Micron Technology (MU), with major firms like Cotu positioning for significant upside. Investors should consider a long position in MU to capitalize on the surging demand for High Bandwidth Memory driven by the AI infrastructure build-out. The stock remains a high-conviction play as supply constraints in the memory market are expected to drive pricing power and margin expansion through 2024. Monitor the $150 price level as a key technical milestone for potential breakout momentum. This trade offers direct exposure to the hardware layer of the artificial intelligence cycle alongside other semiconductor leaders.

Micron Technology (MU)

• Market Sentiment: Extremely bullish sentiment from major investment firms like Cotu