Micron Technology is up more than 8% in pre-market this morning after Wolfe Research boosted its price target from $550 to $1,250. That is a 127% increase from a major research firm and it is pulling the entire semiconductor complex higher.
Wolfspeed is up nearly 13% on a signed memorandum of understanding with GE Aerospace for high-voltage silicon carbide adoption across industrial, aerospace, and defense markets. The deal adds a major OEM customer to WOLF's pipeline, which is exactly what the market was waiting for.
Outside of semis, four quantum computing names are moving together this morning. QUBT, QBTS, RGTI, and IONQ are all up 5 to 6%. Silver miners HL and AG are both up 7%+ on precious metals strength. Bitcoin proxy names MSTR, MARA, IREN, and BMNR are all running with BTC holding overnight gains.
Low float runners VSME, BYAH, and GLXG are showing continuation. VSME has been in play since its AI Smart Living announcement June 10 and is up 75% pre-market with a 49M float. MTEN has a 0.49M float and is up 5.7%.
The full ticker-by-ticker breakdown, levels I was watching, and the gappers down are in the premium section below.