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The memory stock has been soaring after it received a generous price target.
SK Hynix and Micron rally as investors bet AI-driven HBM shortages could last through 2027.
The stock market keeps finding new ways to test investors’ disbelief. Just when it looked like valuations across AI stocks couldn’t stretch any further, another company joined the trillion-dollar club. This time it was Micron Technology (NASDAQ:MU) catapulted into the exclusive club following yesterday’s 19% gain — and it’s up again in morning trading today. ... The Street Just Said Micron Can Double From Here. History Says Targets Like This Are Either Genius or Generational Top-Ticks
Memory chips are the hottest play on artificial-intelligence hardware, and Micron Technology has been among the hottest stocks in the space. It has company in SK Hynix, the South Korean memory-chip maker, whose shares have also surged. Micron stock had an incredible day on Tuesday, when it surged 19% after UBS raised its price target on the stock to $1,625 from $535, arguing long-term supply agreements justified a higher price-to-earnings ratio for the company.
Walmart gets bumped by Micron.
Micron's trillion-dollar milestone is boosting tech ETFs as AI-driven memory demand fuels gains across semiconductor funds.
AI memory demand helped Micron reach a $1 trillion market value for the first time.
Markets are buzzing about Micron's run-up to a $1 trillion market cap. Here are two takes on the chipmaker's sudden rise: Bull Case 🐂 David Miller, chief investment officer at Catalyst Funds: "We've seen a large tear in Micron, but the stock is still likely trading at under 10 times forward earnings.
President Donald Trump has developed a habit of publicly boosting individual companies, and his recent ethics filings show that in at least two cases, he bought in shortly before a boost, once from his own praise, once from a favorable policy decision. A government equity stake helped send Intel Corporation (NASDAQ:INTC) up roughly 190% this year, and the White House said on May 18 that the position, acquired for $8.9 billion, had swelled past $50 billion. Trump then called Micron Technology (NA
The tech rally looked to be losing some momentum Wednesday ahead of with earnings from artificial-intelligence hardware supplier Marvell Technology after the closing bell. Oil prices, meanwhile, continued to decline after Iran’s Revolutionary Guard Corps said the possibility of a return to war with the U.S. was “low.” Optimism around the U.S. and Iran reaching a peace agreement, despite ongoing hostilities, appeared to be growing.
Barclays hiked its price target for Micron to $1,175 from $675, implying an upside potential of about 28% from the current levels.
Everywhere investors look, the warning signs seem to be multiplying. Inflation ticked higher again in the latest Consumer Price Index report from the Bureau of Labor Statistics. Producer prices are climbing, too, raising concerns companies may eventually pass those costs onto consumers. The University of Michigan’s consumer confidence index recently hit its lowest reading in ... Trump’s Bull Market is Over? Not a Chance! JPM Says S&P Can Rally 22% From Here
At $880, Micron Technology (NASDAQ:MU) looks priced for perfection, with the risk/reward skewed to the downside. The memory giant has roughly 9x’d off its March 2025 low near $90, crossed the $1 trillion mark this week, and now sits at a price where the math demands continued perfection from one of the most cyclical businesses ... Wall Street Thinks This AI Powerhouse Is Headed to $1.6 Trillion, But Historical Cycles Suggest It’s a Stock to Avoid Like the Plague
Memory chip maker Micron Technology (MU) and South Korean semiconductor company SK Hynix (000660.KS) both reached $1 trillion valuations in the latest phase of AI demand that is driving markets. Micron shares continue to surge in Wednesday's pre-market trading since UBS analysts raised their price target on the stock to $1,625. Morning Brief Host Julie Hyman and Yahoo Finance Head of News Myles Udland discuss Micron's latest market cap benchmark.
It is becoming easier to get into the $1 trillion market-cap club. SK Hynix and Micron Technology now belong because of the demand for memory chips. SK Hynix’s 12-month stock price jump reached 1000%. The two joined Samsung, which was recently added to the list. The $1 trillion plus list has 14 members. (The club ... 14 Companies Now Worth Over $1 Trillion
Stock Market Today: The Dow Jones index rose Wednesday as oil prices continued to tumble. Micron stock surged in premarket trading.
Pre-Market Stock Futures: Futures are trading higher as we hit the mid-week point, as the technology-led rally continues to spiral higher. While the major indices finished the day mixed, the technology-heavy Nasdaq led the way once again, closing at a new record high of 26,656, up 1.19%, while the S&P 500 also set a new ... Here Are Wednesday’s Top Wall Street Analyst Research Calls: Agilent, Dollar General, FedEx, GE Aerospace, Hershey, Intuit, SanDisk, Workday, Zscaler, and More
MU tops a $1T valuation as booming AI demand and chip shortages lift memory and storage stocks like WDC, SNDK and STX.
Samsung workers are in line for bonuses of around £300,000 each after demanding a slice of the company’s soaring AI profits.
The South Korean chipmaker closed 9.3% higher on Wednesday, becoming the third Asian company to reach the milestone after Samsung and Micron
The recent launch of Microchip Technology's 3.3 kV HV‑D3 mSiC® Power Modules marks a significant development in the AI chips landscape, particularly for AI hyperscale data centers. These new silicon carbide modules are designed to facilitate the adoption of solid-state transformers (SSTs), which offer improved power efficiency and reduced conversion stages, enhancing the delivery of power directly from the medium-voltage grid to server racks. The innovation addresses limitations traditionally...
S&P 500 and Nasdaq futures pointed higher Wednesday as a chip rally extended and oil prices fell on Iran truce hopes
↗️Marvell Technology (MRVL): Shares of the artificial-intelligence hardware supplier jumped premarket ahead of its earnings update due this evening. Its stock has already more than doubled this year thanks to the AI boom.
Micron Technology was gaining again early Wednesday as it built on its surge from the previous day. Micron shares were up 5.5% at $945.04 in premarket trading. The stock rose 19% on Tuesday, fueled by a research note from UBS which raised its price target for Micron to $1,625 from $535, arguing long-term supply agreements justified a higher price-to-earnings ratio for the company.