Stock Track | Direxion Daily MU Bull 2X Shares Soars 6.44% Intraday on Micron Upgrades and DRAM Supply Constraints

Stock Track

May 21

The Direxion Daily MU Bull 2X Shares (MUU) surged 6.44% during intraday trading on Thursday, extending its recent gains.

The leveraged ETF's rally was primarily driven by a wave of bullish analyst upgrades on its underlying holding, Micron Technology. Citi nearly doubled its price target for Micron from $425 to $840, maintaining a Buy rating, citing expectations that DRAM average selling prices will surge approximately 200% year-over-year in 2026 as AI demand pushes the memory industry into a historic super cycle. HSBC simultaneously raised its Micron target from $750 to $1,100.

Further supporting the bullish sentiment, supply constraints in the memory market are intensifying. Samsung Electronics workers confirmed a strike action, which is expected to tighten industry supply. Analysts noted that competitors SK Hynix and Micron cannot quickly fill Samsung's capacity gap, potentially worsening the supply-demand imbalance in both HBM and conventional DRAM markets through 2027.

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Citi nearly doubled its price target for Micron from $425 to $840, maintaining a Buy rating, citing expectations that DRAM average selling prices will surge approximately 200% year-over-year in 2026 as AI demand pushes the memory industry into a historic super cycle. HSBC simultaneously raised its Micron target from $750 to $1,100.</p><p>Further supporting the bullish sentiment, supply constraints in the memory market are intensifying. Samsung Electronics workers confirmed a strike action, which is expected to tighten industry supply. 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Citi nearly doubled its price target for Micron from $425 to $840, maintaining a Buy rating, citing expectations that DRAM average selling prices will surge approximately 200% year-over-year in 2026 as AI demand pushes the memory industry into a historic super cycle. HSBC simultaneously raised its Micron target from $750 to $1,100.</p><p>Further supporting the bullish sentiment, supply constraints in the memory market are intensifying. Samsung Electronics workers confirmed a strike action, which is expected to tighten industry supply. Analysts noted that competitors SK Hynix and Micron cannot quickly fill Samsung's capacity gap, potentially worsening the supply-demand imbalance in both HBM and conventional DRAM markets through 2027.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MUU","symbol_name":"2倍做多MU ETF-Direxion","start_time":0,"source_url":"","article_id":"1197816531","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197816531","pubTimestamp":1779371553,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"The Direxion Daily MU Bull 2X Shares (MUU) surged 6.44% during intraday trading on Thursday, extending its recent gains.The leveraged ETF's rally was primarily driven by a wave of bullish analyst...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MUU":"2倍做多MU ETF-Direxion"},"translate_title":"股票轨迹|Direxion Daily MU Bull 2X股价盘中飙升6.44%，因美光升级和DRAM供应限制","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MUU":1},"content_text":"The Direxion Daily MU Bull 2X Shares (MUU) surged 6.44% during intraday trading on Thursday, extending its recent gains.The leveraged ETF's rally was primarily driven by a wave of bullish analyst upgrades on its underlying holding, Micron Technology. Citi nearly doubled its price target for Micron from $425 to $840, maintaining a Buy rating, citing expectations that DRAM average selling prices will surge approximately 200% year-over-year in 2026 as AI demand pushes the memory industry into a historic super cycle. HSBC simultaneously raised its Micron target from $750 to $1,100.Further supporting the bullish sentiment, supply constraints in the memory market are intensifying. Samsung Electronics workers confirmed a strike action, which is expected to tighten industry supply. 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