Bank of America increased its price target for Micron from $500 to $950, maintaining a 'Buy' rating due to strong memory demand driven by AI workloads. Analyst Vivek Arya highlighted that memory supply is unlikely to catch up with demand, supporting a robust mid-term pricing outlook. The bank values Micron's AI and high-bandwidth memory business highly and expects stable earnings through 2028. Other firms like DBS and D.A. Davidson also raised their targets, reflecting strong Wall Street confidence in Micron's growth potential.
The technology sector has moved from a pullback to an official correction, as the SPDR tech-sector ETF dropped significantly. This shift indicates a more sustained downturn than the previous five-month correction that ended less than two months ago. ...
Gold and silver prices fell significantly following the May inflation report and escalating US-Iran tensions. Spot gold dropped 4.26% to around $4,078 an ounce, and silver fell 2.66% to about $63.60. Inflation data showed a 0.5% rise in consumer pric...
In 2026, the iShares Semiconductor ETF (SOXX) has outperformed the VanEck Semiconductor ETF (SMH) by capturing a broader range of semiconductor stocks, especially equipment makers, resulting in an 86.78% gain versus SMH's 64.11%. SOXX's index favors ...
Last week, the Utilities Select Sector SPDR ETF (XLU), Consumer Staples Select Sector SPDR ETF (XLP), and Real Estate Select Sector SPDR ETF (XLRE) all recorded gains while the tech sector and Nasdaq-100 declined sharply. XLRE led with a 3.4% gain, d...
The S&P 500 index has increased by nearly 7% so far this year, with chip stocks like Micron, Intel, AMD, and SK Hynix more than doubling since January. This rapid rise in tech stocks highlights strong market enthusiasm but also raises concerns about ...
