Micron stock jumps as Taiwan fab buy and fresh price-target hikes lift MU
Micron shares rose 6.3% Wednesday after the company announced a $1.8 billion deal to acquire Powerchip’s Taiwan fab, aiming to boost DRAM output by 2027. The stock closed at $388.45, outperforming the broader market. Analysts cited tight memory supply and strong AI-server demand as drivers. The acquisition is expected to close in Q2 2026.