Micron's Stock Jumps 5% to $1 Trillion Value, UBS Lifts Target to $1,625
MU•Micron’s shares surged over 5% to a record close this week, propelling its market capitalization above $1 trillion after tripling in value since January. Options pricing implies a potential 10% swing by next week, while UBS boosted its price target from $535 to $1,625 on growing AI hardware demand.
1. Rally and Market Capitalization
Micron shares climbed over 5% to close at a record high this week, lifting its market capitalization above $1 trillion after more than tripling since January on surging demand for memory chips.
2. Options-Implied Volatility
Traders’ options pricing suggests a potential 10% price swing by the end of next week, implying targets near $1,065 at the upside or below $877 on the downside from Friday’s record close.
3. UBS Price Target Upgrade
UBS analysts raised their price target from $535 to $1,625, citing ongoing sales growth and enhanced pricing power as major tech firms expand data center builds.
4. AI Hardware Demand Outlook
Strong spending by major technology companies on AI infrastructure has driven momentum across memory makers, setting the stage for Micron’s upcoming quarterly report on June 24 and potential new contracts.
