Micron Jumps 12% on BofA Note, Chip Rally (MU:NASDAQ)
Bank of America said open-weight models create new customer-side memory needs, and Micron’s price target rose to $1,550 as shares jumped about 12%.
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10 Articles
Wall Street broke a three-fall streak in a row.On Tuesday, July 21, the S&P 500 rose 0.89% to 7,509.20 points, driven by a strong rebound in semiconductor stock. Nasdaq won 1.29% and the Dow Jones totaled 385.38 points.The engine of the rise was chips. Micron climbed 12% and Sandisk 14%, in a rally led by memory and artificial intelligence.What drove the semiconductor rallyAdvanced Micro Devices (AMD) rose 8% after announcing an artificial intel…
Micron (NASDAQ:MU) shares jump 12% as AI-driven memory prices come under scrutiny
NEW YORK, July 22, 2026, 11:15 a.m. (EDT) U.S. markets traded as scheduled, with Micron hovering around $968 following a 12.2% surge on Tuesday. (Reuters) The action increased the total by about $119 billion, surpassing approximately $100 billion in strategic-agreement commitments. (StockAnalysis) Price increases drove growth in the fiscal third quarter. The upcoming indicator for…
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