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UBS Group: Raises Micron Technology Price Target from $535 to $1625

1 hours ago

May 26 – UBS Group raised its price target for Micron Technology (MU.O) from $535 to $1,625.
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"The 'Mini Me' of US Stocks Q1 New Holdings Surged, TE Soared Over 15%"

May 26 market update: According to Bitget market data, Situational Awareness LP – the portfolio managed by 25-year-old Wall Street AI stock specialist Leopold Aschenbrenner – logged its first net purchase of Q1 2026, triggering sharp post-opening rallies for its held stocks in the U.S. market. T1 Energy (TE) led gains, surging 15.1% to trade at $9.31, while HIVE Digital (HIVE) climbed 4.05% to reach $4.235. Notably, both companies are currently unprofitable, carrying negative price-to-earnings (P/E) ratios. The P/E metric is calculated by dividing a company’s market capitalization by the sum of its most recent four quarters’ net profits; negative values here reflect ongoing operational losses for both firms.

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Micron Technology Stock Price Surges 11.5%, Reaches an All-Time High

May 26 – Micron Technology (MU.O) shares surged 11.5% to reach a fresh all-time high, according to Bitget market data. The rally follows an earlier move by UBS Group, which raised its price target on the stock from $535 to $1,625.

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U.S. Stocks Open Higher, with All Three Major Indexes Up; Nasdaq Rises 0.94%

May 26: According to Bitget market data, U.S. stocks opened higher, with the Dow Jones Industrial Average climbing 0.27%, the S&P 500 adding 0.58%, and the Nasdaq Composite advancing 0.94%. Micron Technology (NASDAQ: MU) surged 9.4% in early trading. Swiss bank UBS has sharply lifted its price target for the semiconductor manufacturer to $162.5, the highest such target among all Wall Street analysts covering the stock.

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Source: Insider Insiders say: Unfreezing Iran's overseas funds is a major sticking point in Iran-US negotiations

May 26 — A source close to Iran’s negotiating team told CCTV News on local time May 26 that a major sticking point in ongoing Iran-U.S. talks is the matter of unfreezing Iran’s overseas funds. The source stated that the U.S. has previously “backtracked” on fulfilling related commitments, with Iran holding firm that “no agreement can be reached until the agreed funds are received.” Iran added that some progress has been made on this issue following coordination with Qatar. However, given the U.S.’s history of “reneging on promises,” Iran is “prepared for all possible scenarios.”

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The Dutch Government Blocks US Company from Acquiring Cloud Service Provider Solvinity

May 26, per Bloomberg, the Dutch government blocked the proposed acquisition of Dutch cloud services provider Solvinity Group BV by U.S. firm Kyndryl over security concerns. Dutch Digital Economy Minister Willemijn Aerdts said in a letter to parliament Tuesday that the planned Solvinity transaction could jeopardize the public interest, and announced a full ban on the deal. The acquisition had been in its final stages before the block.

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US Stock Futures Rise Across the Board in Pre-market Trading, Micron Technology Surges 8.41%

May 26 – Per Bitget market data, the U.S. stock storage sector posted broad gains in pre-market trading. Micron Technology (MU) jumped 8.41%, SanDisk (SNDK) rose 4.21%, Western Digital (WDC) added 3.13%, and Seagate Technology (STX) advanced 2.63%.

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