U.S. stocks were higher, with the Nasdaq Composite gaining over 350 points on Tuesday.
Shares of Micron Technology Inc (NASDAQ:MU) rose sharply after UBS more than tripled its price target on the memory-chip maker, pointing to a structural shift in the AI memory market.
UBS analyst Timothy Arcuri maintained a Buy rating on Micron and raised the firm’s price target to $1,625 from $535, implying 116% upside from Friday’s close, according to Benzinga Pro.
Micron shares jumped 17.7% to $884.25 on Tuesday.
Here are some other big stocks recording gains in today’s session.
