Micron (MU) Jumps 17% on UBS Call, Lifting Super Micro (SMCI) and Xerox (XRX)

Micron Technology (MU) shares soared 17.16% on May 26, 2026, after a UBS price-target hike signaled that AI hardware demand remains structurally undersupplied. The rally swept through AI infrastructure stocks, with Advanced Micro Devices (AMD) gaining 5.68% and server and networking names—Super Micro Computer (SMCI), Dell, and Hewlett Packard Enterprise—also climbing. Xerox Holdings (XRX) extended its advance, adding to a volatile year. Shares are up 30.3% year-to-date but remain 51.8% below their July 2025 high. A short interest above 28% amplified gains, as the company’s strong first-quarter results on May 4, 2026—sales of $1.85 billion, beating estimates by $103 million—and reaffirmed 2026 guidance continue to squeeze bearish bets.