On June 22, GraniteShares 2x Long MU ETF (MULL) rose 11.08% in regular trading, trading at $1058.75/share, with turnover of $98.914 million. As a 2x leveraged product tracking Micron Technology, the ETF amplified gains in the underlying stock ahead of Micron's fiscal Q3 earnings report scheduled for June 24 after market close.

Multiple Wall Street firms have dramatically raised their price targets on Micron in recent days. TD Cowen lifted its target from $660 to $1500, Bernstein from $510 to $1300, Citi from $840 to $1200, and Wedbush from $550 to $1300, all maintaining buy or outperform ratings. The consensus average target now stands at approximately $1,067. Analysts cite the structural role of memory in AI infrastructure and a pricing supercycle as key drivers.

Market consensus expects Micron's Q3 adjusted EPS to reach $20.57, representing nearly 1000% year-over-year growth, fueled by surging DRAM and HBM demand from AI data centers. Micron stock hit an all-time high of $1133.99 on June 18 with a market cap of $1.28 trillion, having gained approximately 300% year-to-date.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)