MU, WDC, LION Hit 52-Week Highs on AI Demand and Acquisition Speculation

On Tuesday, Micron Technology (MU), Western Digital (WDC), and Lionsgate Studios (LION) hit new 52-week or record highs, with MU reaching $1,110.40, WDC touching $729.92, and LION surging to $16.70.

TD Cowen raised MU's price target to $1,500 from $660, citing strong artificial intelligence-driven demand for memory chips. Western Digital benefited from investor confidence in growing storage demand for AI systems, with Morgan Stanley noting customer planning extends to 2032. LION surged after reports of potential Netflix acquisition interest, though Netflix later denied the speculation.