AMD and Micron Price Targets Raised as Taiwan Chip Exports Reach Record $30.8 Billion

Taiwan's integrated circuit exports hit a record $30.797 billion in August, marking a 60% year-over-year increase and signaling sustained AI demand. Following this data, AMD and Micron Technology (MU) have seen their price targets adjusted. Analysts note that while AMD recently reached a record high of $624.84 with potential targets at $691 and $827, the stock shows signs of being overbought. Meanwhile, Micron is currently holding support at the $1,032 level.