On May 26, during the pre-market trading session of US stocks, semiconductor stocks witnessed a broad-based upswing. Notably, Micron Technology's shares surged nearly 7%, while AMD and Qualcomm both climbed close to 3%. Meanwhile, ARM and TSMC also posted gains of approximately 2%. In a bullish move, UBS hiked Micron's target price to $1,625, projecting a potential market capitalization of $1.8 trillion.
