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UBS Raises Micron Target to $1,625 as Semiconductor Stocks Rally

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Market rally momentum pushed Micron Technology to $861, rising 14% after UBS raised its price target to $1,625. The semiconductor sector followed suit, with SanDisk up 7.71%, Western Digital up 7.50%, AMD up 4.87%, and TSMC up 2.77%. Traders are also monitoring altcoins amid broader market optimism.

Odaily Planet Daily reports, according to MSX.COM data, Micron Technology's stock surged again today, reaching a high of $861 during trading, with a peak gain of over 14%, continuously setting new all-time highs. UBS analysts noted that long-term agreements in the memory industry, for the first time, will fundamentally transform Micron's profit model.

Led by Micron Technology, the U.S. semiconductor sector rose collectively. SanDisk surged 7.71% to $1,592.635; Western Digital jumped 7.50% to $520.600; Advanced Micro Devices (AMD) gained 4.87% to $490.285; and TSMC also rose 2.77% to $415.740.

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