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How UBS's Micron Upgrade Drove a 19% Surge and Chip Stocks Rally — Market Wrap May 27
Today's AI insights from 7horns.ai reveal a strong surge in semiconductor stocks led by Micron Technology, which jumped over 19% after UBS raised its price target, pushing Micron's market cap above $1 trillion for the first time. This AI-driven enthusiasm lifted chip giants like Advanced Micro Devices, up nearly 8%, and Marvell Technology, gaining over 6%. Meanwhile, Hong Kong's CATL climbed 5.8% on strategic AI investments and new energy projects. However, cloud security firm Zscaler dropped sharply by 23% in pre-market trading, likely due to disappointing earnings guidance, tempering tech…
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