Rep. Ro Khanna sold $1,001 to $15,000 worth of Micron Technology shares on April 27, 2026, just before the stock surged about 70.8% by May 26 amid a strong AI-driven semiconductor rally. Micron's shares have climbed nearly 200% year-to-date and crossed $1 trillion in market value, fueled by high demand for AI infrastructure chips. Khanna's sale has drawn scrutiny due to concerns over congressional stock trading, especially since he is closely tied to the tech sector. Other lawmakers have also traded Micron shares recently, benefiting from the rally. The key question remains whether Micron can sustain this rapid growth.
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 ...
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 ta...
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...
