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BlockBeats news, on June 25, American investment bank DA Davidson released a research report stating that Micron Technology has entered a new phase with some of the best performance visibility in the semiconductor industry, which marks a sharp contrast to its previous role in the semiconductor market. Driven by another quarter of results far exceeding expectations and positive forward guidance, the stock price surged. These signals indicate that the current boom cycle for memory chips is far from over. Although the company is increasing its capacity investment (capital expenditure for the fourth quarter of fiscal 2026 is expected to reach $10 billion), resulting in additional supply, management expects that the memory market will remain tight in terms of supply and demand at least until 2027. Based on this, DA Davidson reiterated its "buy" rating for Micron and raised its target price from $1,500 to $2,000, corresponding to a 20x price-earnings ratio for expected 2026 calendar year earnings per share (EPS).

Golden Ten Data June 25｜ARS Pharmaceuticals dropped 21.5% pre-market to $8.27. The main driver is that neffy failed to secure expanded commercial coverage in the July 1st insurance update cycle, combined with a downward revision of annual spending guidance. However, some analysts believe the market has overreacted — the coverage expansion is only delayed, cost discipline is strengthened, the 2027 breakeven target remains unchanged, and there is a potential CSU data catalyst in Q4.

Barringer stated that this performance once again confirms what the market already knows: demand for storage chips far exceeds supply. However, the technology research director emphasized that more importantly, Micron Technology has shifted toward signing long-term agreements with customers, which provides the group with more stable profitability and makes it less susceptible to sharp demand fluctuations. "These long-term agreements actually set upper and lower limits for pricing and require customers to commit to accepting supply, smoothing out what has historically been a highly cyclical market." Micron Technology's pre-market share price surged by more than 19% at one point.