Micron, Marvell and Western Digital jump 10.84%, 10.43% and 16.10% as tech sentiment lifts; Fox and Fiserv slide
Micron, Marvell and Western Digital rose 10.84%, 10.43% and 16.10% in a single session, as a U.S.-Iran peace agreement boosted risk appetite for technology stocks and expectations for AI-driven storage demand strengthened. Western Digital also gained after Morgan Stanley raised its price target to $650 from $488 and lifted its FY2027–2028 earnings forecasts to levels well above consensus. Fox and Fiserv fell more than 15% and 10%, pressured by concerns over acquisition pricing and a sudden CEO departure, respectively.