Micron Technology's Stock Surge Drives ETFs to Record Gains
Micron's Monster Rally, Sends These Leveraged ETFs Surging Nearly 40%: What You Should Know
Image: Benzinga
Micron Technology Inc (NASDAQ:MU) saw a remarkable surge, becoming a trillion-dollar company after a 19.2% increase in stock price. This rally has significantly boosted Micron-focused ETFs, with GraniteShares 2x Long MU Daily ETF (MULL) and Direxion Daily MU Bull 2X ETF (MUU) rising nearly 40% in recent trading sessions.
- 01Micron's stock price increased by 19.2% on Tuesday and an additional 5.7% in after-hours trading.
- 02GraniteShares 2x Long MU Daily ETF (MULL) gained 38.9% on Tuesday and 10.6% in extended trading.
- 03Direxion Daily MU Bull 2X ETF (MUU) rose 38.5% on Tuesday and 10.9% in after-hours trading.
- 04Micron's stock has surged approximately 214% since the beginning of 2026, driven by increased demand for memory chips linked to the AI boom.
- 05UBS analyst Timothy Arcuri raised Micron's price target to $1,625, reflecting strong market confidence.
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Micron Technology Inc (NASDAQ:MU) has achieved a significant milestone by becoming a trillion-dollar company following a 19.2% increase in its stock price during regular trading on Tuesday, with an additional gain of 5.7% in after-hours trading. This surge has propelled related ETFs, particularly the GraniteShares 2x Long MU Daily ETF (MULL) and Direxion Daily MU Bull 2X ETF (MUU), which experienced gains of 38.9% and 38.5% respectively on Tuesday. MULL has reported a staggering 498.81% increase since the start of the year, while MUU has risen by 507.90%. The growth is attributed to heightened demand for memory chips amid the AI boom, with UBS analyst Timothy Arcuri significantly increasing Micron's price target to $1,625. Jim Cramer noted that Micron's entry into the trillion-dollar club marks the beginning of a
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