Why Is Micron (MU) Stock Up 4.06% Today, Oct 7? D.A. Davidson’s $3,000 Target Outweighs Taiwan Strike Concerns

Micron shares rose after D.A. Davidson lifted its price target to a Street-high level, citing AI-driven memory demand and unusually strong multi-year customer commitments with defined pricing frameworks. The bullish reassessment outweighed near-term headline risk from Taiwan union strike authorization, which could still threaten supply continuity. Near-term market focus is likely to remain on AI memory pricing, contract visibility, and any escalation in Taiwan labor negotiations.