00:00 Speaker A

So here we have a pretty broad rally in chips, but one of these stands out, and that is Micron. Micron shares are up 14% today and that brings the total for the year to almost 200%. What is the catalyst for Micron in particular today? Well, they got a price target boost over at UBS here. You ready for this?

00:20 Speaker A

The price target had been $535 from Timothy Arcuri over there. Now it’s 1625, 1,625. You see the stock is trading around 855 today. So that leaves a lot of room for upside.

00:40 Speaker A

And basically, Arcuri is looking at the structural changes that we have seen in demand for DRAM, which is one of the types of memory and more specifically, of course, the high…