Micron Technology (NASDAQ:MU) saw a 10.52% increase in its stock price on Friday, closing at $315.42 with a trading volume of 41.9 million shares. Analyst upgrades were based on the growing demand for high-bandwidth memory, impacting pricing power and capacity plans. The S&P 500 rose by 0.19% to 6,858, while the Nasdaq Composite slipped 0.03% to 23,236. Micron Technology’s surge indicates continued interest in essential AI memory. Bernstein SocGen Group raised its price target for Micron stock from $270 to $330. Micron predicts a $100 billion market in HBM by 2028, with growing DRAM demand.

Read more at Nasdaq: Stock Market Today, Jan. 2: Micron Surges as Bernstein Hikes Price Target 20%