UBS Raises Micron Technology Price Target and Maintains Buy Rating

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- Previ007Previ007
  ·05-27
  What I saw with Wolfspeed is that it was high at one point and then tumbled to a worthless amount of share price value and is back to the top again. Imagine if you buy at the top of these high prices and they fall... The losses would be unbearable. It's weird how the markets force these uptrends during times of uncertainty and then low during times or peace. Just makes you wonder
  Storage Shares Extend Rally. Micron Surges 6% After Surpassing $1 Trillion Market Cap; SanDisk, DRAM, Western Digital, Seagate Tech Rise Around 2%
  Strong memory chip demand is leading to enhanced long-term agreements that has helped propel Micron to a $1 trillion market cap.
  Storage Shares Extend Rally. Micron Surges 6% After Surpassing $1 Trillion Market Cap; SanDisk, DRAM, Western Digital, Seagate Tech Rise Around 2%
  122 Comment
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- Previ007Previ007
  ·05-27
  What I saw with Wolfspeed is that it was high at one point and then tumbled to a worthless amount of share price value and is back to the top again. Imagine if you buy at the top of these high prices and they fall... The losses would be unbearable. It's weird how the markets force these uptrends during times of uncertainty and then low during times or peace. Just makes you wonder
  Storage Shares Extend Rally. Micron Surges 6% After Surpassing $1 Trillion Market Cap; SanDisk, DRAM, Western Digital, Seagate Tech Rise Around 2%
  Strong memory chip demand is leading to enhanced long-term agreements that has helped propel Micron to a $1 trillion market cap.
  Storage Shares Extend Rally. Micron Surges 6% After Surpassing $1 Trillion Market Cap; SanDisk, DRAM, Western Digital, Seagate Tech Rise Around 2%
  122 Comment
  3
  Share
  Report

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This rating action reflects UBS's positive outlook on Micron's stock performance and potential growth prospects.","image":"https://community-static.tradeup.com/news/1201dcc0482be040348fb8d4f228bb68","type":2,"style":4,"follow":false,"createTime":1779829526320,"userCounts":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/special/finance&rndata={\"themeId\":2bbc5696b1b644191dabb42943cc195e}&rnconfig={\"headerBarHidden\": true}","subscribe":false,"allowSubscriptionFinancial":false,"subscriberCount":0,"allowFollow":false,"hasReward":false,"rewardScore":0,"rewardValidDate":0,"rewardEnd":false,"symbols":["MU"],"tweetCounts":1,"categoryId":"2929bb7468f5415f853fd96fb35d7c3b","options":[],"votedOptionId":"","totalUserCount":0,"followStatus":false,"themeName":"UBS Raises Micron Technology Price Target and Maintains Buy Rating","tweetAmount":1,"imageIsDefault":false,"aiDerivativeIssues":[]},"tab":"all","isFinancial":true,"allList":[{"id":568783609439008,"gmtCreate":1779869472806,"gmtModify":1779869476507,"author":{"id":"4176492131026232","authorId":"4176492131026232","name":"Previ007","avatar":"https://community-static.tradeup.com/news/732c3145623b06be0aac4654ce2b0182","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4176492131026232","authorIdStr":"4176492131026232"},"themes":[],"title":"","htmlText":"What I saw with Wolfspeed is that it was high at one point and then tumbled to a worthless amount of share price value and is back to the top again. Imagine if you buy at the top of these high prices and they fall... The losses would be unbearable. It's weird how the markets force these uptrends during times of uncertainty and then low during times or peace.&nbsp; Just makes you wonder&nbsp;","listText":"What I saw with Wolfspeed is that it was high at one point and then tumbled to a worthless amount of share price value and is back to the top again. Imagine if you buy at the top of these high prices and they fall... The losses would be unbearable. It's weird how the markets force these uptrends during times of uncertainty and then low during times or peace.&nbsp; Just makes you wonder&nbsp;","text":"What I saw with Wolfspeed is that it was high at one point and then tumbled to a worthless amount of share price value and is back to the top again. Imagine if you buy at the top of these high prices and they fall... The losses would be unbearable. It's weird how the markets force these uptrends during times of uncertainty and then low during times or peace. Just makes you wonder","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/568783609439008","repostId":"2638462528","repostType":2,"repost":{"id":"2638462528","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1779877676,"share":"https://ttm.financial/m/news/2638462528?lang=en_US&edition=fundamental","pubTime":"2026-05-27 18:27","market":"us","language":"en","title":"Storage Shares Extend Rally. Micron Surges 6% After Surpassing $1 Trillion Market Cap; SanDisk, DRAM, Western Digital, Seagate Tech Rise Around 2%","url":"https://stock-news.laohu8.com/highlight/detail?id=2638462528","media":"Dow Jones","summary":"Strong memory chip demand is leading to enhanced long-term agreements that has helped propel Micron to a $1 trillion market cap.","content":"<html><head></head><body><p style=\"text-align: left;\">Storage shares extend rally. <a href=\"https://laohu8.com/S/MU\">Micron Technology</a>’ shares jumped 6% in premarket after surpassing $1 trillion market cap on Tuesday. SanDisk, Roundhill Memory ETF, Western Digital, Seagate Tech, Rambus up around 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ef0c6e04d8636f2c3a98ff129853d181\" data-align=\"center\" tg-width=\"842\" tg-height=\"287\"/><span></span></p><p style=\"text-align: left;\">The memory chip maker’s shares climbed 19.3% on Tuesday to an all-time closing high of $895.88, and to push the company above a $1 trillion market capitalization for the first time, according to Dow Jones Market Data. That also made Micron the 10th largest U.S. company by market cap, as it passed both <a href=\"https://laohu8.com/S/WMT\">Walmart</a> and <a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a> on Tuesday, the data showed.</p><p style=\"text-align: left;\">Tuesday’s performance was the stock’s largest one-day gain since November 2011, and the $163 billion in market cap that it added is about the size of <a href=\"https://laohu8.com/S/SCHW\">Charles Schwab</a>, according to the data.</p><p style=\"text-align: left;\">Compared with past offtake sales agreements that were based on volume, UBS analyst Timothy Arcuri said, “new ‘enhanced’ [long term agreements] now incorporate longer durations, fixed volume commitments and — most importantly — a partially fixed pricing framework.”</p><p style=\"text-align: left;\">The AI-driven demand for memory chips has led to tightening supply, and up until recently, companies were more reluctant to add capacity out of fear of a slowdown in what is a normally cyclical industry. That has allowed memory companies to raise prices.</p><p style=\"text-align: left;\">Arcuri said dynamic random-access memory will be in an undersupply position until at least the second quarter of 2028, and NAND memory will be undersupplied until the fourth quarter of 2027.</p><p style=\"text-align: left;\">He more than tripled his price target for Micron’s stock to $1,625 from $535, with the new target representing upside of 81% from its closing price on Tuesday. That makes Arcuri by far the most bullish analyst on Micron’s stock, as two analysts are tied with the next highest target of $1,100, according to FactSet.</p><p style=\"text-align: left;\">Arcuri’s price target is based on a 15x price-to-earnings multiple on a 12-month basis, and he added that he sees “no reason why [Micron] should trade a whole lot differently than [<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>] in terms of [price-to-earnings].” Nvidia trades at a P/E ratio of 21.4x, according to FactSet data.</p><p style=\"text-align: left;\">Meanwhile, the new customer agreements for Micron likely span between three to five years, with some years under fixed terms and others up to variable pricing, Arcuri said in a Tuesday note. Up to 30% of double data rate, or DDR, memory volumes across the industry will likely be “locked in at pricing that is just slightly below current levels,” Arcuri noted, citing his supply-chain research.</p><p style=\"text-align: left;\">Micron should be able to give up some of its near-term revenue for better visibility into customer demand and “a smoother earnings profile,” Arcuri said. He sees more upside for Micron from rising average sales prices for high-bandwidth memory.</p><p style=\"text-align: left;\">A large swath of the memory industry has secured long-term agreements amid shortages, and Arcuri expects to keep Micron’s earnings per share above $100 next year through 2029. Analysts surveyed by FactSet are currently modeling EPS of $58.61 for the current fiscal year that runs through August, and EPS of $100.91 in the next fiscal year.</p><p style=\"text-align: left;\">Additionally, Arcuri sees Micron generating more than $400 billion in free cash flow during that time.</p><p style=\"text-align: left;\">“We believe the market will start to put a more ‘normal’ multiple on the stock and [Micron] will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex,” Arcuri said.</p><p style=\"text-align: left;\">Micron’s stock has rocketed 213.9% in 2026, while the <a href=\"https://laohu8.com/S/SOX\">PHLX Semiconductor Index</a> has rallied 81.8%, Nvidia shares have gained 15.2% and the S&amp;P 500 index has advanced 9.8%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Storage Shares Extend Rally. Micron Surges 6% After Surpassing $1 Trillion Market Cap; SanDisk, DRAM, Western Digital, Seagate Tech Rise Around 2%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStorage Shares Extend Rally. Micron Surges 6% After Surpassing $1 Trillion Market Cap; SanDisk, DRAM, Western Digital, Seagate Tech Rise Around 2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-27 18:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Storage shares extend rally. <a href=\"https://laohu8.com/S/MU\">Micron Technology</a>’ shares jumped 6% in premarket after surpassing $1 trillion market cap on Tuesday. SanDisk, Roundhill Memory ETF, Western Digital, Seagate Tech, Rambus up around 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ef0c6e04d8636f2c3a98ff129853d181\" data-align=\"center\" tg-width=\"842\" tg-height=\"287\"/><span></span></p><p style=\"text-align: left;\">The memory chip maker’s shares climbed 19.3% on Tuesday to an all-time closing high of $895.88, and to push the company above a $1 trillion market capitalization for the first time, according to Dow Jones Market Data. That also made Micron the 10th largest U.S. company by market cap, as it passed both <a href=\"https://laohu8.com/S/WMT\">Walmart</a> and <a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a> on Tuesday, the data showed.</p><p style=\"text-align: left;\">Tuesday’s performance was the stock’s largest one-day gain since November 2011, and the $163 billion in market cap that it added is about the size of <a href=\"https://laohu8.com/S/SCHW\">Charles Schwab</a>, according to the data.</p><p style=\"text-align: left;\">Compared with past offtake sales agreements that were based on volume, UBS analyst Timothy Arcuri said, “new ‘enhanced’ [long term agreements] now incorporate longer durations, fixed volume commitments and — most importantly — a partially fixed pricing framework.”</p><p style=\"text-align: left;\">The AI-driven demand for memory chips has led to tightening supply, and up until recently, companies were more reluctant to add capacity out of fear of a slowdown in what is a normally cyclical industry. That has allowed memory companies to raise prices.</p><p style=\"text-align: left;\">Arcuri said dynamic random-access memory will be in an undersupply position until at least the second quarter of 2028, and NAND memory will be undersupplied until the fourth quarter of 2027.</p><p style=\"text-align: left;\">He more than tripled his price target for Micron’s stock to $1,625 from $535, with the new target representing upside of 81% from its closing price on Tuesday. That makes Arcuri by far the most bullish analyst on Micron’s stock, as two analysts are tied with the next highest target of $1,100, according to FactSet.</p><p style=\"text-align: left;\">Arcuri’s price target is based on a 15x price-to-earnings multiple on a 12-month basis, and he added that he sees “no reason why [Micron] should trade a whole lot differently than [<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>] in terms of [price-to-earnings].” Nvidia trades at a P/E ratio of 21.4x, according to FactSet data.</p><p style=\"text-align: left;\">Meanwhile, the new customer agreements for Micron likely span between three to five years, with some years under fixed terms and others up to variable pricing, Arcuri said in a Tuesday note. Up to 30% of double data rate, or DDR, memory volumes across the industry will likely be “locked in at pricing that is just slightly below current levels,” Arcuri noted, citing his supply-chain research.</p><p style=\"text-align: left;\">Micron should be able to give up some of its near-term revenue for better visibility into customer demand and “a smoother earnings profile,” Arcuri said. He sees more upside for Micron from rising average sales prices for high-bandwidth memory.</p><p style=\"text-align: left;\">A large swath of the memory industry has secured long-term agreements amid shortages, and Arcuri expects to keep Micron’s earnings per share above $100 next year through 2029. Analysts surveyed by FactSet are currently modeling EPS of $58.61 for the current fiscal year that runs through August, and EPS of $100.91 in the next fiscal year.</p><p style=\"text-align: left;\">Additionally, Arcuri sees Micron generating more than $400 billion in free cash flow during that time.</p><p style=\"text-align: left;\">“We believe the market will start to put a more ‘normal’ multiple on the stock and [Micron] will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex,” Arcuri said.</p><p style=\"text-align: left;\">Micron’s stock has rocketed 213.9% in 2026, while the <a href=\"https://laohu8.com/S/SOX\">PHLX Semiconductor Index</a> has rallied 81.8%, Nvidia shares have gained 15.2% and the S&amp;P 500 index has advanced 9.8%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4605":"半导体精选","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4579":"人工智能","MUU":"2倍做多MU ETF-Direxion","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU2048586759.USD":"ALLIANZ SMART ENERGY \"AT\" (USD) ACC","WDC":"西部数据","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU2089985449.USD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (USD) ACC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","LU0109392836.USD":"富兰克林科技股A","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","BK4588":"碎股","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","BK4554":"元宇宙及AR概念","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","BK4532":"文艺复兴科技持仓","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC","BK4512":"苹果概念","LU0859254822.USD":"T ROWE PRICE GLOBAL VALUE EQUITY \"A\" (USD) ACC","MUD":"1倍做空MU ETF-Direxion","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4553":"喜马拉雅资本持仓","BK4543":"AI","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU2931357623.SGD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (SGDHDG) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","MULL":"2倍做多MU ETF-GraniteShares","LU2357627491.SGD":"TRP GLOBAL VALUE EQUITY \"AH\" (SGDHDG) ACC","BK4585":"ETF&股票定投概念","SNDK":"闪迪","BK4141":"半导体产品","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","MU":"美光科技","BK4533":"AQR资本管理(全球第二大对冲基金)","WDCX":"Tradr 2X Long WDC Daily ETF","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","BK4575":"芯片概念","BK4566":"资本集团","STX":"希捷科技","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4527":"明星科技股","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","SIMO":"慧荣科技","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","RMBS":"Rambus","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","SNXX":"Tradr 2X Long SNDK Daily ETF","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","SNDU":"T-Rex 2X Long SNDK Daily Target ETF"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2638462528","content_text":"Storage shares extend rally. Micron Technology’ shares jumped 6% in premarket after surpassing $1 trillion market cap on Tuesday. SanDisk, Roundhill Memory ETF, Western Digital, Seagate Tech, Rambus up around 2%.The memory chip maker’s shares climbed 19.3% on Tuesday to an all-time closing high of $895.88, and to push the company above a $1 trillion market capitalization for the first time, according to Dow Jones Market Data. That also made Micron the 10th largest U.S. company by market cap, as it passed both Walmart and Eli Lilly on Tuesday, the data showed.Tuesday’s performance was the stock’s largest one-day gain since November 2011, and the $163 billion in market cap that it added is about the size of Charles Schwab, according to the data.Compared with past offtake sales agreements that were based on volume, UBS analyst Timothy Arcuri said, “new ‘enhanced’ [long term agreements] now incorporate longer durations, fixed volume commitments and — most importantly — a partially fixed pricing framework.”The AI-driven demand for memory chips has led to tightening supply, and up until recently, companies were more reluctant to add capacity out of fear of a slowdown in what is a normally cyclical industry. That has allowed memory companies to raise prices.Arcuri said dynamic random-access memory will be in an undersupply position until at least the second quarter of 2028, and NAND memory will be undersupplied until the fourth quarter of 2027.He more than tripled his price target for Micron’s stock to $1,625 from $535, with the new target representing upside of 81% from its closing price on Tuesday. That makes Arcuri by far the most bullish analyst on Micron’s stock, as two analysts are tied with the next highest target of $1,100, according to FactSet.Arcuri’s price target is based on a 15x price-to-earnings multiple on a 12-month basis, and he added that he sees “no reason why [Micron] should trade a whole lot differently than [Nvidia] in terms of [price-to-earnings].” Nvidia trades at a P/E ratio of 21.4x, according to FactSet data.Meanwhile, the new customer agreements for Micron likely span between three to five years, with some years under fixed terms and others up to variable pricing, Arcuri said in a Tuesday note. Up to 30% of double data rate, or DDR, memory volumes across the industry will likely be “locked in at pricing that is just slightly below current levels,” Arcuri noted, citing his supply-chain research.Micron should be able to give up some of its near-term revenue for better visibility into customer demand and “a smoother earnings profile,” Arcuri said. He sees more upside for Micron from rising average sales prices for high-bandwidth memory.A large swath of the memory industry has secured long-term agreements amid shortages, and Arcuri expects to keep Micron’s earnings per share above $100 next year through 2029. Analysts surveyed by FactSet are currently modeling EPS of $58.61 for the current fiscal year that runs through August, and EPS of $100.91 in the next fiscal year.Additionally, Arcuri sees Micron generating more than $400 billion in free cash flow during that time.“We believe the market will start to put a more ‘normal’ multiple on the stock and [Micron] will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex,” Arcuri said.Micron’s stock has rocketed 213.9% in 2026, while the PHLX Semiconductor Index has rallied 81.8%, Nvidia shares have gained 15.2% and the S&P 500 index has advanced 9.8%.","news_type":1,"symbols_score_info":{"SNDK":2,"SIMO":2,"WDC":2,"MUU":0.6,"SNDU":0.6,"RMBS":2,"PSTG":2,"MUD":0.6,"MULL":0.6,"WDCX":0.6,"STX":2,"SNXX":0.6,"MU":1.98}},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"essenList":[{"id":568783609439008,"gmtCreate":1779869472806,"gmtModify":1779869476507,"author":{"id":"4176492131026232","authorId":"4176492131026232","name":"Previ007","avatar":"https://community-static.tradeup.com/news/732c3145623b06be0aac4654ce2b0182","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4176492131026232","authorIdStr":"4176492131026232"},"themes":[],"title":"","htmlText":"What I saw with Wolfspeed is that it was high at one point and then tumbled to a worthless amount of share price value and is back to the top again. Imagine if you buy at the top of these high prices and they fall... The losses would be unbearable. It's weird how the markets force these uptrends during times of uncertainty and then low during times or peace.&nbsp; Just makes you wonder&nbsp;","listText":"What I saw with Wolfspeed is that it was high at one point and then tumbled to a worthless amount of share price value and is back to the top again. Imagine if you buy at the top of these high prices and they fall... The losses would be unbearable. It's weird how the markets force these uptrends during times of uncertainty and then low during times or peace.&nbsp; Just makes you wonder&nbsp;","text":"What I saw with Wolfspeed is that it was high at one point and then tumbled to a worthless amount of share price value and is back to the top again. Imagine if you buy at the top of these high prices and they fall... The losses would be unbearable. It's weird how the markets force these uptrends during times of uncertainty and then low during times or peace. Just makes you wonder","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/568783609439008","repostId":"2638462528","repostType":2,"repost":{"id":"2638462528","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1779877676,"share":"https://ttm.financial/m/news/2638462528?lang=en_US&edition=fundamental","pubTime":"2026-05-27 18:27","market":"us","language":"en","title":"Storage Shares Extend Rally. Micron Surges 6% After Surpassing $1 Trillion Market Cap; SanDisk, DRAM, Western Digital, Seagate Tech Rise Around 2%","url":"https://stock-news.laohu8.com/highlight/detail?id=2638462528","media":"Dow Jones","summary":"Strong memory chip demand is leading to enhanced long-term agreements that has helped propel Micron to a $1 trillion market cap.","content":"<html><head></head><body><p style=\"text-align: left;\">Storage shares extend rally. <a href=\"https://laohu8.com/S/MU\">Micron Technology</a>’ shares jumped 6% in premarket after surpassing $1 trillion market cap on Tuesday. SanDisk, Roundhill Memory ETF, Western Digital, Seagate Tech, Rambus up around 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ef0c6e04d8636f2c3a98ff129853d181\" data-align=\"center\" tg-width=\"842\" tg-height=\"287\"/><span></span></p><p style=\"text-align: left;\">The memory chip maker’s shares climbed 19.3% on Tuesday to an all-time closing high of $895.88, and to push the company above a $1 trillion market capitalization for the first time, according to Dow Jones Market Data. That also made Micron the 10th largest U.S. company by market cap, as it passed both <a href=\"https://laohu8.com/S/WMT\">Walmart</a> and <a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a> on Tuesday, the data showed.</p><p style=\"text-align: left;\">Tuesday’s performance was the stock’s largest one-day gain since November 2011, and the $163 billion in market cap that it added is about the size of <a href=\"https://laohu8.com/S/SCHW\">Charles Schwab</a>, according to the data.</p><p style=\"text-align: left;\">Compared with past offtake sales agreements that were based on volume, UBS analyst Timothy Arcuri said, “new ‘enhanced’ [long term agreements] now incorporate longer durations, fixed volume commitments and — most importantly — a partially fixed pricing framework.”</p><p style=\"text-align: left;\">The AI-driven demand for memory chips has led to tightening supply, and up until recently, companies were more reluctant to add capacity out of fear of a slowdown in what is a normally cyclical industry. That has allowed memory companies to raise prices.</p><p style=\"text-align: left;\">Arcuri said dynamic random-access memory will be in an undersupply position until at least the second quarter of 2028, and NAND memory will be undersupplied until the fourth quarter of 2027.</p><p style=\"text-align: left;\">He more than tripled his price target for Micron’s stock to $1,625 from $535, with the new target representing upside of 81% from its closing price on Tuesday. That makes Arcuri by far the most bullish analyst on Micron’s stock, as two analysts are tied with the next highest target of $1,100, according to FactSet.</p><p style=\"text-align: left;\">Arcuri’s price target is based on a 15x price-to-earnings multiple on a 12-month basis, and he added that he sees “no reason why [Micron] should trade a whole lot differently than [<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>] in terms of [price-to-earnings].” Nvidia trades at a P/E ratio of 21.4x, according to FactSet data.</p><p style=\"text-align: left;\">Meanwhile, the new customer agreements for Micron likely span between three to five years, with some years under fixed terms and others up to variable pricing, Arcuri said in a Tuesday note. Up to 30% of double data rate, or DDR, memory volumes across the industry will likely be “locked in at pricing that is just slightly below current levels,” Arcuri noted, citing his supply-chain research.</p><p style=\"text-align: left;\">Micron should be able to give up some of its near-term revenue for better visibility into customer demand and “a smoother earnings profile,” Arcuri said. He sees more upside for Micron from rising average sales prices for high-bandwidth memory.</p><p style=\"text-align: left;\">A large swath of the memory industry has secured long-term agreements amid shortages, and Arcuri expects to keep Micron’s earnings per share above $100 next year through 2029. Analysts surveyed by FactSet are currently modeling EPS of $58.61 for the current fiscal year that runs through August, and EPS of $100.91 in the next fiscal year.</p><p style=\"text-align: left;\">Additionally, Arcuri sees Micron generating more than $400 billion in free cash flow during that time.</p><p style=\"text-align: left;\">“We believe the market will start to put a more ‘normal’ multiple on the stock and [Micron] will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex,” Arcuri said.</p><p style=\"text-align: left;\">Micron’s stock has rocketed 213.9% in 2026, while the <a href=\"https://laohu8.com/S/SOX\">PHLX Semiconductor Index</a> has rallied 81.8%, Nvidia shares have gained 15.2% and the S&amp;P 500 index has advanced 9.8%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Storage Shares Extend Rally. Micron Surges 6% After Surpassing $1 Trillion Market Cap; SanDisk, DRAM, Western Digital, Seagate Tech Rise Around 2%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStorage Shares Extend Rally. Micron Surges 6% After Surpassing $1 Trillion Market Cap; SanDisk, DRAM, Western Digital, Seagate Tech Rise Around 2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-27 18:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Storage shares extend rally. <a href=\"https://laohu8.com/S/MU\">Micron Technology</a>’ shares jumped 6% in premarket after surpassing $1 trillion market cap on Tuesday. SanDisk, Roundhill Memory ETF, Western Digital, Seagate Tech, Rambus up around 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ef0c6e04d8636f2c3a98ff129853d181\" data-align=\"center\" tg-width=\"842\" tg-height=\"287\"/><span></span></p><p style=\"text-align: left;\">The memory chip maker’s shares climbed 19.3% on Tuesday to an all-time closing high of $895.88, and to push the company above a $1 trillion market capitalization for the first time, according to Dow Jones Market Data. That also made Micron the 10th largest U.S. company by market cap, as it passed both <a href=\"https://laohu8.com/S/WMT\">Walmart</a> and <a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a> on Tuesday, the data showed.</p><p style=\"text-align: left;\">Tuesday’s performance was the stock’s largest one-day gain since November 2011, and the $163 billion in market cap that it added is about the size of <a href=\"https://laohu8.com/S/SCHW\">Charles Schwab</a>, according to the data.</p><p style=\"text-align: left;\">Compared with past offtake sales agreements that were based on volume, UBS analyst Timothy Arcuri said, “new ‘enhanced’ [long term agreements] now incorporate longer durations, fixed volume commitments and — most importantly — a partially fixed pricing framework.”</p><p style=\"text-align: left;\">The AI-driven demand for memory chips has led to tightening supply, and up until recently, companies were more reluctant to add capacity out of fear of a slowdown in what is a normally cyclical industry. That has allowed memory companies to raise prices.</p><p style=\"text-align: left;\">Arcuri said dynamic random-access memory will be in an undersupply position until at least the second quarter of 2028, and NAND memory will be undersupplied until the fourth quarter of 2027.</p><p style=\"text-align: left;\">He more than tripled his price target for Micron’s stock to $1,625 from $535, with the new target representing upside of 81% from its closing price on Tuesday. That makes Arcuri by far the most bullish analyst on Micron’s stock, as two analysts are tied with the next highest target of $1,100, according to FactSet.</p><p style=\"text-align: left;\">Arcuri’s price target is based on a 15x price-to-earnings multiple on a 12-month basis, and he added that he sees “no reason why [Micron] should trade a whole lot differently than [<a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>] in terms of [price-to-earnings].” Nvidia trades at a P/E ratio of 21.4x, according to FactSet data.</p><p style=\"text-align: left;\">Meanwhile, the new customer agreements for Micron likely span between three to five years, with some years under fixed terms and others up to variable pricing, Arcuri said in a Tuesday note. Up to 30% of double data rate, or DDR, memory volumes across the industry will likely be “locked in at pricing that is just slightly below current levels,” Arcuri noted, citing his supply-chain research.</p><p style=\"text-align: left;\">Micron should be able to give up some of its near-term revenue for better visibility into customer demand and “a smoother earnings profile,” Arcuri said. He sees more upside for Micron from rising average sales prices for high-bandwidth memory.</p><p style=\"text-align: left;\">A large swath of the memory industry has secured long-term agreements amid shortages, and Arcuri expects to keep Micron’s earnings per share above $100 next year through 2029. Analysts surveyed by FactSet are currently modeling EPS of $58.61 for the current fiscal year that runs through August, and EPS of $100.91 in the next fiscal year.</p><p style=\"text-align: left;\">Additionally, Arcuri sees Micron generating more than $400 billion in free cash flow during that time.</p><p style=\"text-align: left;\">“We believe the market will start to put a more ‘normal’ multiple on the stock and [Micron] will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex,” Arcuri said.</p><p style=\"text-align: left;\">Micron’s stock has rocketed 213.9% in 2026, while the <a href=\"https://laohu8.com/S/SOX\">PHLX Semiconductor Index</a> has rallied 81.8%, Nvidia shares have gained 15.2% and the S&amp;P 500 index has advanced 9.8%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4605":"半导体精选","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4579":"人工智能","MUU":"2倍做多MU ETF-Direxion","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU2048586759.USD":"ALLIANZ SMART ENERGY \"AT\" (USD) ACC","WDC":"西部数据","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU2089985449.USD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (USD) ACC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","LU0109392836.USD":"富兰克林科技股A","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","BK4588":"碎股","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","BK4554":"元宇宙及AR概念","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","BK4532":"文艺复兴科技持仓","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC","BK4512":"苹果概念","LU0859254822.USD":"T ROWE PRICE GLOBAL VALUE EQUITY \"A\" (USD) ACC","MUD":"1倍做空MU ETF-Direxion","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4553":"喜马拉雅资本持仓","BK4543":"AI","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU2931357623.SGD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (SGDHDG) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","MULL":"2倍做多MU ETF-GraniteShares","LU2357627491.SGD":"TRP GLOBAL VALUE EQUITY \"AH\" (SGDHDG) ACC","BK4585":"ETF&股票定投概念","SNDK":"闪迪","BK4141":"半导体产品","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","MU":"美光科技","BK4533":"AQR资本管理(全球第二大对冲基金)","WDCX":"Tradr 2X Long WDC Daily ETF","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","BK4575":"芯片概念","BK4566":"资本集团","STX":"希捷科技","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4527":"明星科技股","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","SIMO":"慧荣科技","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","RMBS":"Rambus","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","SNXX":"Tradr 2X Long SNDK Daily ETF","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","SNDU":"T-Rex 2X Long SNDK Daily Target ETF"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2638462528","content_text":"Storage shares extend rally. Micron Technology’ shares jumped 6% in premarket after surpassing $1 trillion market cap on Tuesday. SanDisk, Roundhill Memory ETF, Western Digital, Seagate Tech, Rambus up around 2%.The memory chip maker’s shares climbed 19.3% on Tuesday to an all-time closing high of $895.88, and to push the company above a $1 trillion market capitalization for the first time, according to Dow Jones Market Data. That also made Micron the 10th largest U.S. company by market cap, as it passed both Walmart and Eli Lilly on Tuesday, the data showed.Tuesday’s performance was the stock’s largest one-day gain since November 2011, and the $163 billion in market cap that it added is about the size of Charles Schwab, according to the data.Compared with past offtake sales agreements that were based on volume, UBS analyst Timothy Arcuri said, “new ‘enhanced’ [long term agreements] now incorporate longer durations, fixed volume commitments and — most importantly — a partially fixed pricing framework.”The AI-driven demand for memory chips has led to tightening supply, and up until recently, companies were more reluctant to add capacity out of fear of a slowdown in what is a normally cyclical industry. That has allowed memory companies to raise prices.Arcuri said dynamic random-access memory will be in an undersupply position until at least the second quarter of 2028, and NAND memory will be undersupplied until the fourth quarter of 2027.He more than tripled his price target for Micron’s stock to $1,625 from $535, with the new target representing upside of 81% from its closing price on Tuesday. That makes Arcuri by far the most bullish analyst on Micron’s stock, as two analysts are tied with the next highest target of $1,100, according to FactSet.Arcuri’s price target is based on a 15x price-to-earnings multiple on a 12-month basis, and he added that he sees “no reason why [Micron] should trade a whole lot differently than [Nvidia] in terms of [price-to-earnings].” Nvidia trades at a P/E ratio of 21.4x, according to FactSet data.Meanwhile, the new customer agreements for Micron likely span between three to five years, with some years under fixed terms and others up to variable pricing, Arcuri said in a Tuesday note. Up to 30% of double data rate, or DDR, memory volumes across the industry will likely be “locked in at pricing that is just slightly below current levels,” Arcuri noted, citing his supply-chain research.Micron should be able to give up some of its near-term revenue for better visibility into customer demand and “a smoother earnings profile,” Arcuri said. He sees more upside for Micron from rising average sales prices for high-bandwidth memory.A large swath of the memory industry has secured long-term agreements amid shortages, and Arcuri expects to keep Micron’s earnings per share above $100 next year through 2029. Analysts surveyed by FactSet are currently modeling EPS of $58.61 for the current fiscal year that runs through August, and EPS of $100.91 in the next fiscal year.Additionally, Arcuri sees Micron generating more than $400 billion in free cash flow during that time.“We believe the market will start to put a more ‘normal’ multiple on the stock and [Micron] will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex,” Arcuri said.Micron’s stock has rocketed 213.9% in 2026, while the PHLX Semiconductor Index has rallied 81.8%, Nvidia shares have gained 15.2% and the S&P 500 index has advanced 9.8%.","news_type":1,"symbols_score_info":{"SNDK":2,"SIMO":2,"WDC":2,"MUU":0.6,"SNDU":0.6,"RMBS":2,"PSTG":2,"MUD":0.6,"MULL":0.6,"WDCX":0.6,"STX":2,"SNXX":0.6,"MU":1.98}},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"allBottom":false,"essenBottom":false,"topicSource":"Post"}