Shares of South Korean chipmaker SK Hynix soared over 250% in 2025, pushing its market value above $1 trillion for the first time, fueled by strong demand for AI chips. U.S. chipmaker Micron also saw a significant rally after UBS tripled its price target, reflecting the broader tech sector's growth driven by AI. Meanwhile, China's industrial profits rose nearly 25% in April, led by computing and electronics manufacturing, while European firms remain committed to Chinese supply chains despite geopolitical risks. The European Central Bank affirmed its commitment to controlling inflation, and corporate news included Ferrari's shares falling after a lukewarm reception to its new electric vehicle and BP's chairman stepping down amid conduct issues. Global markets remain cautious amid ongoing U.S.-Iran tensions.
Micron's stock surged 19.29% in one day, pushing its market cap above $1 trillion amid a year-to-date gain of 184%. The rally was sparked by a UBS analyst upgrade forecasting shares to reach $1625 within 12 months, driven by expected strong earnings ...
The S&P 500 is set to close at new record highs, driven by strong gains in semiconductor stocks, especially Micron. Micron's shares rose over 19% following a UBS upgrade that tripled its price target, pushing its market value above $1 trillion for th...
The Nasdaq 100 index surpassed 30,000 points during Tuesday's session, led by a strong rally in semiconductor stocks, especially Micron Technology which surged 18%. This rally was fueled by rising expectations for AI-related spending, with UBS raisin...
Micron Technology briefly reached a $1 trillion market capitalization, fueled by strong demand for AI-related memory products. The company is shifting from a cyclical memory supplier to a key player in AI infrastructure, supported by long-term DRAM a...
Micron Technology's stock surged 20% following UBS analyst Timothy Arcuri's price target increase from $535 to $1,625, driven by strong earnings and long-term supply deals with hyperscalers. The rally also coincided with President Trump's praise and ...
