GraniteShares 2x Long MU Daily ETF is trading 5.1% up today as Micron and the broader information technology sector benefit from persistent AI-driven demand for memory and data-center hardware.
- Raymond James more than doubled its price target on Micron to $1,100, highlighting structurally tight AI memory markets that provide a significant catalyst for this leveraged ETF.
- Broader technology sentiment remains stable as strength in Nvidia and select AI hardware names offsets pressure in other megacap stocks, keeping overall sector risk appetite intact.