On June 18, GraniteShares 2x Long MU Daily ETF rose 8.05% in after-hours trading, trading at $867.16/share, with turnover of $3.67 million. The leveraged ETF amplified gains in its underlying stock Micron Technology, which continued its upward trajectory.

The move was driven by a wave of analyst upgrades for Micron Technology. Deutsche Bank raised its target price from $1,000 to $1,500 while maintaining a buy rating, implying approximately 47% upside. This followed similar upgrades from TD Cowen (to $1,500), Daiwa Securities (to $1,600), Citi (to $1,200), and RBC Capital Markets (to $1,200). Micron's FY26 Q2 revenue of $23.86 billion represented a 196% year-over-year surge, while its Q3 guidance of $33.5 billion far exceeded the Wall Street consensus of $24.29 billion. All HBM capacity for the fiscal year has been sold out under fixed-price long-term agreements, and the company remains the sole U.S.-based HBM supplier with significant geopolitical advantages.

(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.)