According to MSX.COM data, Micron Technology's stock price surged again today, hitting an intraday high of $861, with gains exceeding 14%, continuously setting new historical records. UBS analysts pointed out that the first-ever long-term agreements in the memory industry will fundamentally transform Micron's profit model.
Led by Micron Technology, the US semiconductor sector saw broad-based strength. SanDisk soared 7.71%, currently trading at $1592.635; Western Digital surged 7.50%, currently at $520.600; Advanced Micro Devices (AMD) rose 4.87%, now at $490.285; TSMC also recorded a 2.77% gain, temporarily trading at $415.740.
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UBS Raises Micron Target Price to $1625, Semiconductor Sector Rallies
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