Movement Alert｜Micron Technology Rises 3.09% Overnight, Bank of America Reaffirms Buy Rating Calling Semiconductor Pullback a Healthy Correction

Market Focus

8 hours ago

On July 9, Micron Technology rose 3.09% overnight, trading at $975.5/share, with turnover of $101 million.

On the news front, Bank of America Securities released its latest report characterizing the semiconductor sector's recent pullback as a \"healthy correction\" rather than a structural reversal, reaffirming its \"Buy\" rating on Micron Technology with a target price of $1,550. The report noted that memory chips currently trade at only 10x earnings, which it views as significantly undervalued. Bank of America projects global cloud and AI infrastructure capital expenditure will approach $1.5 trillion by 2027, representing a 40-50% increase from current levels, underpinning sustained demand for memory products.

Previously, Micron and SanDisk had each declined over 20% from recent highs, technically entering bear market territory, driven by concerns over supply-demand imbalance following Samsung's Q2 profit surge and heavy insider selling. After two consecutive sessions of sharp declines, bargain-hunting flows emerged alongside the institutional bullish signal, supporting a stabilization rebound in the storage sector.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1125815667"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1125815667\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1125815667?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-09 08:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1125815667","market":"us","top_or_hot":-1,"title":"Movement Alert｜Micron Technology Rises 3.09% Overnight, Bank of America Reaffirms Buy Rating Calling Semiconductor Pullback a Healthy Correction","media":"Market Focus","content":"<p><p>On July 9, Micron Technology rose 3.09% overnight, trading at $975.5/share, with turnover of $101 million.</p><p>On the news front, Bank of America Securities released its latest report characterizing the semiconductor sector's recent pullback as a \\\"healthy correction\\\" rather than a structural reversal, reaffirming its \\\"Buy\\\" rating on Micron Technology with a target price of $1,550. The report noted that memory chips currently trade at only 10x earnings, which it views as significantly undervalued. Bank of America projects global cloud and AI infrastructure capital expenditure will approach $1.5 trillion by 2027, representing a 40-50% increase from current levels, underpinning sustained demand for memory products.</p><p>Previously, Micron and SanDisk had each declined over 20% from recent highs, technically entering bear market territory, driven by concerns over supply-demand imbalance following Samsung's Q2 profit surge and heavy insider selling. After two consecutive sessions of sharp declines, bargain-hunting flows emerged alongside the institutional bullish signal, supporting a stabilization rebound in the storage sector.</p><p>(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.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜Micron Technology Rises 3.09% Overnight, Bank of America Reaffirms Buy Rating Calling Semiconductor Pullback a Healthy Correction</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜Micron Technology Rises 3.09% Overnight, Bank of America Reaffirms Buy Rating Calling Semiconductor Pullback a Healthy Correction\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-09 08:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On July 9, Micron Technology rose 3.09% overnight, trading at $975.5/share, with turnover of $101 million.</p><p>On the news front, Bank of America Securities released its latest report characterizing the semiconductor sector's recent pullback as a \\\"healthy correction\\\" rather than a structural reversal, reaffirming its \\\"Buy\\\" rating on Micron Technology with a target price of $1,550. The report noted that memory chips currently trade at only 10x earnings, which it views as significantly undervalued. Bank of America projects global cloud and AI infrastructure capital expenditure will approach $1.5 trillion by 2027, representing a 40-50% increase from current levels, underpinning sustained demand for memory products.</p><p>Previously, Micron and SanDisk had each declined over 20% from recent highs, technically entering bear market territory, driven by concerns over supply-demand imbalance following Samsung's Q2 profit surge and heavy insider selling. After two consecutive sessions of sharp declines, bargain-hunting flows emerged alongside the institutional bullish signal, supporting a stabilization rebound in the storage sector.</p><p>(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.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MU","symbol_name":"美光科技","start_time":0,"source_url":"","article_id":"1125815667","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1125815667","pubTimestamp":1783556338,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 9, Micron Technology rose 3.09% overnight, trading at $975.5/share, with turnover of $101 million.On the news front, Bank of America Securities released its latest report characterizing the...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MU":"美光科技"},"translate_title":"动向提示|美光科技隔夜涨3.09%美银重申买入评级称半导体回调是健康回调","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/70341924d435c080fbc83e8e06367398","symbols_score_info":{"MU":1},"content_text":"On July 9, Micron Technology rose 3.09% overnight, trading at $975.5/share, with turnover of $101 million.On the news front, Bank of America Securities released its latest report characterizing the semiconductor sector's recent pullback as a \\\"healthy correction\\\" rather than a structural reversal, reaffirming its \\\"Buy\\\" rating on Micron Technology with a target price of $1,550. The report noted that memory chips currently trade at only 10x earnings, which it views as significantly undervalued. Bank of America projects global cloud and AI infrastructure capital expenditure will approach $1.5 trillion by 2027, representing a 40-50% increase from current levels, underpinning sustained demand for memory products.Previously, Micron and SanDisk had each declined over 20% from recent highs, technically entering bear market territory, driven by concerns over supply-demand imbalance following Samsung's Q2 profit surge and heavy insider selling. After two consecutive sessions of sharp declines, bargain-hunting flows emerged alongside the institutional bullish signal, supporting a stabilization rebound in the storage sector.(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.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}