New York, September 12 (Patrika English News): U.S. stocks traded higher on Thursday with the Dow outperforming the S&P 500 and Nasdaq, as fresh CPI inflation and jobless claims data shaped expectations ahead of next week’s Federal Reserve meeting.
Micron Technology (NASDAQ: MU) was among the standout movers, climbing 8.5% to around $152 — its biggest gain since April — putting the stock on track for a record close. The rally followed Citi analyst Christopher Danely’s decision to raise his price target on the chipmaker to $175 from $150, while maintaining a Buy rating.
Micron, a key supplier of memory chips for Nvidia’s GPUs and Apple’s iPhones, has benefited from strong AI-driven demand. Danely said he expects the company’s September 23 earnings report to meet Wall Street’s fourth-quarter forecasts but guide significantly higher for the first quarter of fiscal 2026.
He projected Q1 revenue of $13 billion, compared with Bloomberg’s consensus of $11.8 billion, and earnings per share of $3.23 versus the $2.98 estimate. “We believe the continued memory upturn is being driven by limited production and better than expected demand, particularly from the data center end market,” Danely said, pointing to rising AI-related orders.
https://patrikaenglish.com/stock-market-today-dow-leads-gains-as-micron-surges-on-analyst-upgrade/
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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