MU
The market loves a good supply scare
Micron spent the day doing what memory-chip stocks do best: turning one industry wrinkle into a full-blown rally. Shares jumped about 6% as traders latched onto concerns around a Samsung strike and a shiny new $1,000 bull case.
Why you should care
When the market starts worrying about supply disruptions in semis, chip names can move like they just had three espressos. If Samsung faces labor issues or anything that threatens production, investors immediately start thinking tighter supply, better pricing, and juicier margins for rivals like Micron.
The analyst angle
The other half of the move is the classic Wall Street amplifier: a fresh price target that sounds so aggressive it almost reads like a typo.
- Deutsche Bank reportedly slapped a $1,000 target on Micron.
- The stock reaction says traders are happy to believe the bull case.
- Between supply nerves and bullish coverage, MU got a nice little momentum boost.
Big picture: Micron is still very much a sentiment stock, and today sentiment decided to wear a cape.