Micron shares climbed sharply, up +3.05%, following a strong earnings report from Taiwan Semiconductor Manufacturing Co. (TSMC) that validated the surging demand for AI-driven semiconductors.
- This sectoral rally reinforces the bullish sentiment established by Bank of America, which recently set a $400 price target.
- The institutional confidence is driven by Micron's High Bandwidth Memory (HBM) capacity being sold out entirely through the 2026 calendar year.