Micron stock swings, ends higher as Taiwan fab buy plan meets $450 target call
Micron Technology shares closed up 0.9% at $366 after announcing a $1.8 billion deal to buy Powerchip’s P5 fab in Taiwan, aiming to boost DRAM output by 2027. The stock hit $381.04 during heavy trading before paring gains. TD Cowen raised its price target to $450, citing worsening memory shortages. Regulatory approval for the Taiwan deal is pending.