Micron Technology(US:MU) Yahoo Finance·2026-01-20 20:43Core Viewpoint - Micron Technology is experiencing a positive trading day, with its stock price increasing by 0.8% despite a broader market decline in tech stocks, driven by optimism surrounding its position in the AI chip market and favorable pricing trends in memory chips [1][2]. Group 1: Market Performance - Micron's share price rose by 0.8% as of 3:15 p.m. ET, contrasting with a 2.1% drop in the S&P 500 and a 2.4% decline in the Nasdaq Composite [1]. - Earlier in the trading session, Micron's stock had increased by as much as 5.2% [1]. Group 2: Analyst Insights - Counterpoint Research released a report indicating a bullish outlook for memory-chip pricing, suggesting that prices will continue to rise and that Micron's recent quarterly report did not fully reflect previous price increases [4]. - Stifel raised its one-year price target for Micron from $300 to $360, citing the acquisition of a chip fabrication plant and a supply-constrained memory market as key factors [5]. - TD Cowen also increased its price target for Micron from $300 to $450, maintaining a buy rating and predicting explosive earnings growth supported by favorable market dynamics [6].