Micron, Braiin, Redwire, Modine Manufacturing And Other Big Stocks Moving Higher On Tuesday

U.S. stocks were higher, with the Nasdaq Composite gaining over 350 points on Tuesday.

Shares of Micron Technology Inc (NASDAQ:MU) rose sharply after UBS more than tripled its price target on the memory-chip maker, pointing to a structural shift in the AI memory market.

UBS analyst Timothy Arcuri maintained a Buy rating on Micron and raised the firm’s price target to $1,625 from $535, implying 116% upside from Friday’s close, according to Benzinga Pro.

Micron shares jumped 17.7% to $884.25 on Tuesday.

Here are some other big stocks recording gains in today’s session.

• Braiin Ltd (NASDAQ:BRAI) shares jumped 85.5% to $13.30 after the company announced a partnership with Switchcraft to embed utility and teleco switching capabilities across its UK living infrastructure platform.
• Redwire Corp (NYSE:RDW) gained 26.1% to $22.06 after the company secured new defense-related drone contracts tied to NATO and U.S. Army modernization programs.
• High Templar Tech Ltd (NYSE:HTT) rose 24.6% to $3.04 after the company announced it commenced a tender offer to repurchase up to 39 million of its ADSs.
• Atomera Inc (NASDAQ:ATOM) rose 23.5% to $11.41.
• T1 Energy Inc (NYSE:TE) gained 21.9% to $9.85.
• Modine Manufacturing Co (NYSE:MOD) jumped 21.6% to $316.83 after the company disclosed a landmark $4 billion long-term capacity agreement with a strategic data center customer for its Airedale cooling solutions.
• Eightco Holdings Inc (NASDAQ:ORBS) gained 19.6% to $1.13.
• York Space Systems Inc (NYSE:YSS) rose 19.1% to $34.58.
• AST SpaceMobile Inc (NASDAQ:ASTS) rose 18.7% to $125.70.
• United Microelectronics Corp (NYSE:UMC) gained 17.6% to $21.42.
• JOYY Inc (NASDAQ:JOYY) rose 17.1% to $63.72 after the company reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates.
• Vicor Corp (NASDAQ:VICR) surged 16.8% to $313.02 as the company raised its second-quarter revenue guidance.
• Ouster Inc (NASDAQ:OUST) gained 13.7% to $42.16 after the company announced a strategic agreement with ARGUS Interception, where ARGUS will equip its A1-Falke net-based interceptors with Outster digital lidar.
• Intuitive Machines Inc (NASDAQ:LUNR) rose 13.7% to $43.54 as renewed excitement around the space sector and growing speculation over a potential SpaceX IPO fueled investor optimism.
• Applovin Corp (NASDAQ:APP) gained 11% to $534.69.
• ON Semiconductor Corp (NASDAQ:ON) gained 10.6% to $128.59.
• Rambus Inc (NASDAQ:RMBS) gained 10.2% to $157.50.
• SanDisk Corp (NASDAQ:SNDK) gained 8.5% to $1,605.18.
• Teradyne Inc (NASDAQ:TER) rose 8% to $386.94.
• Qualcomm Inc (NASDAQ:QCOM) gained 4.6% to $249.13.

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