UBS raises Micron target price to $1625, semiconductor sector collectively strengthens

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

Led by Micron Technology, the U.S. semiconductor sector collectively strengthened. Among them, SanDisk soared 7.71%, now at $1,592.635; Western Digital surged 7.50%, now at $520.600; Advanced Micro Devices (AMD) rose 4.87%, now at $490.285; Taiwan Semiconductor Manufacturing Co. (TSMC) also recorded a gain of 2.77%, temporarily at $415.740.