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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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.