Micron’s 344% Surge; Wedbush $500 Call 03/13/26
/
RSS Feed
Micron’s 344% Surge; Wedbush $500 Call 03/13/26
Key Stories:
- Micron Technology shares are absolutely soaring, with the memory chip manufacturer’s stock up an astounding 33% year-to-date and a whopping 344% over the trailing twelve months. The excitement stems from Wedbush analyst Matt Bryson, who just hiked his price target for Micron to an astonishing $500. This new target tops even Wells Fargo’s recent $470 call and far exceeds the current Street consensus of $417.82. This incredible bullish sentiment for Micron underscores strong projected demand and pricing power in the semiconductor memory market, making it a critical stock for tech investors to watch. Read more
- Shifting gears to another semiconductor giant, Qualcomm, the wireless technology and chip design firm is grappling with a significant challenge: the iPhone maker, Apple, is increasingly developing its own in-house chips. This move could potentially strip Qualcomm of up to 20% of its handset revenue. In response, Qualcomm is projecting a strategic pivot, targeting substantial growth in its automotive and Internet of Things divisions to offset this impending revenue loss. The company is aiming for a rebound driven by these new revenue streams by 2030. Investors will be closely monitoring Qualcomm’s execution on these diversification efforts, as they are crucial for its long-term financial health. Read more
- Looking at some other notable movers from Thursday’s trading session, we saw a mixed bag. Netflix, the streaming entertainment giant, saw its shares dip slightly by 0.6%, closing at $94.31. Meanwhile, major retail chain Target declined 2.6%, finishing the day at $115.75, reflecting some ongoing pressures in the consumer discretionary sector. On a brighter note for the financial services industry, CME Group, the derivatives marketplace operator, posted a solid 2.6% gain, with its stock closing at $311.19. These divergent movements suggest that while certain sectors face headwinds, others, particularly in finance, are showing resilience. Read more
Keywords: Apple, CME, CME Group, Internet of Things, IoT, MU, Micron Technology, NFLX, Netflix, QCOM, Qualcomm, TGT, Target, Wedbush, Wells Fargo, automotive, chip market, diversification, financial services, iPhone, market commentary, market trends, memory chips, price target, retail, revenue risk, semiconductor, stock movement, stock surge, streaming, tech stocks