• The ETF is up following Deutsche Bank's significant price target increase for Micron Technology (MU) to $1,500 on June 17, up from $1,000.
  • The firm cited robust AI-driven DRAM demand and favorable pricing tailwinds for Micron, ahead of its Q3 earnings.
  • Broader semiconductor sentiment remains strong, bolstered by tightening DRAM/HBM supply and sustained AI infrastructure spending.