Intel shares climbed sharply in late trading Wednesday, driven by a double upgrade from Bank of America and a forceful buying recommendation from CNBC’s Jim Cramer.
UBS has raised its price target for Micron Technology, marking a positive shift in analyst sentiment toward the memory chip maker.
The revision reflects the bank's view that the sector is benefiting from sustained demand in high-bandwidth memory and server-grade storage, driven by artificial intelligence infrastructure build-outs.
Micron shares responded positively to the news, extending recent gains as investors digested the improved valuation outlook.