Apple upgrade highlights product upside as Micron and Intel rally on demand, insider signals
Volatility in U.S. equities is weighing on technology shares even as select chipmakers outperform on company-specific catalysts. Apple is also drawing renewed attention after an analyst upgrade, but Jim Cramer says he is waiting for a potentially better entry point tied to the company’s leadership transition.
Highlights
- Micron rises 6% after comments from Commerce Secretary Howard Lutnick signal support for domestic memory chip demand over Chinese suppliers.
- Intel gains 3% as CEO Lip-Bu Tan increases his shareholding, sending a bullish insider signal and boosting investor confidence in the company.
- Rothschild upgrades Apple to buy with a price target raised to $400 from $260, citing upside from a potential premium foldable iPhone.
Market moves and stock-specific drivers
As reported by CNBC, the S&P 500 is slipping Monday while oil prices edge higher as Middle East tensions and rising bond yields add pressure after weak retail sales data last week.Within that backdrop, semiconductor stocks are standing out. Micron rises 6% after Commerce Secretary Howard Lutnick says the Trump administration would not support Apple buying memory chips from China, a comment investors read as supportive for Micron demand.
Intel gains 3% after it emerges that CEO Lip-Bu Tan has bought additional shares in the company, reinforcing investor confidence through insider buying. Cramer says Intel offers exposure for investors seeking a data-center-related technology name, while Micron remains his preferred memory play.
Apple call and investor timing
Rothschild upgrades Apple to buy from hold and lifts its price target to $400 from $260, arguing that the market does not yet fully reflect the potential of a premium-priced foldable iPhone.The analyst call also says Apple should consider a partnership with Nvidia to reduce its reliance on Google’s Gemini. Even so, Cramer says he does not advise buying Apple now because Tim Cook is set to step down as CEO on Sept. 1, a change he believes could trigger analyst downgrades and create a more attractive opportunity later.
Our earlier article on premarket movers highlighted a chip-sector rally led by memory names after U.S. policy signals opposed Apple sourcing memory chips from China. We also noted Intel’s shares getting a lift after CEO Lip-Bu Tan disclosed a sizable insider purchase, alongside strength in Micron and other semiconductor stocks as investors reassessed demand and sentiment across the space.
Latest Texas Instruments News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
