UBS raises Micron target price to $1,625, semiconductor sector rallies collectively

Odaily Planet Daily News According to MSX.COM data, Micron Technology's stock price surged again today, hitting a high of $861 during the session, with an increase of over 14%, continuously setting new historical highs. UBS analysts pointed out that the first long-term agreements in the memory industry will fundamentally change Micron's profit model.

Led by Micron Technology, the US semiconductor sector saw broad-based gains. SanDisk soared 7.71%, currently at $1,592.635; Western Digital jumped 7.50%, now at $520.600; Advanced Micro Devices (AMD) rose 4.87%, trading at $490.285; TSMC also recorded a 2.77% gain, temporarily at $415.740.