On August 14, Micron Technology rose 3.48% in regular trading, trading at $966.025/share, with turnover of $3.138 billion, extending recent momentum in the memory chip sector.

On the news front, New Street Research upgraded Micron Technology to Buy from Neutral, raising its price target to $1,250 from $470. According to FactSet, the stock carries an average analyst rating of Buy with a mean price target of $1,549.19. Separately, Micron announced the launch of Micron Ventures Paradigm Fund, a $250 million investment vehicle focused on next-generation artificial intelligence, bringing total venture fund commitments to $550 million.

The upgrade adds to a wave of institutional endorsements. JPMorgan disclosed Micron as its top Q2 buy, while UBS maintained a Buy rating with a $1,625 target, raising HBM average price growth expectations from 67% to 79%. The broader memory sector remained strong, with SK hynix up 1.33% in the session, following a multi-day rally driven by supply tightness signals and robust AI-related demand.

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