INTC, MU, SNDK Stocks Jumped To 52-Week Highs Last Week: Here's Why

• INTC shares gained more than 5% and jumped to a 52-week high of $100.45 in Friday’s intraday sessions.
• MU stock climbed to an intraday high of $545.91 on optimism over unprecedented demand for AI-specific memory hardware and a rally in the broader semiconductor industry. 
• SNDK shares soared to a fresh 52-week high of $1,189.24 after it received a slew of price target hikes following its Q3 results.

Stocks of Intel Corp. (INTC), Micron Technology Inc. (MU), and Sandisk Corp. (SNDK) were among those that hit fresh intraday highs on Friday as the European Union’s “Chips Act II” boosted sentiment around semiconductor makers, bolstered by earnings results from the companies and Wall Street attention.

Shares of INTC gained more than 5%, while MU stock was up 4.8% and SNDK shares rallied more than 8% at close on Friday.

The EU Semiconductor Push

On Friday, Bloomberg reported that the EU is developing "Chips Act II," addressing pitfalls in its 2022 strategy. The new act is expected in late May 2026, and would allow it to invest directly in manufacturing as well as prioritize development of new technologies, as per the report.

The initiative boosted investors’ confidence in the semiconductor industry, sending shares of related firms higher.

Wall Street Bets On Intel

INTC stock jumped to a 52-week high of $100.45 in Friday’s intraday sessions as retail and Wall Street optimism around the company grew after its strong Q1 results.

On Thursday, Tigress Financial analyst Ivan Feinseth raised the firm's price target on Intel to $118 from $66 and kept a ‘Buy’ rating on the shares, citing positive sentiment after the company's "incredibly strong" Q1 results, 18A execution, and AI data center and PC supercycle, the analyst said.

Feinseth also highlighted that the company’s key AI-driven inflection point and accelerating momentum led to the firm’s view that Intel is in the early stages of a durable, multi-year structural comeback, with recent results confirming that its AI-led growth story is no longer theoretical but firmly underway, according to TheFly.

President Donald Trump also endorsed the company after its results were reported on April 23. The chipmaker posted a 7% growth in revenue, recording quarterly sales of $13.6 billion. It also reported earnings per share of $0.29, zooming past Wall Street expectations.

On Stocktwits, retail sentiment around INTC stock was in the ‘extremely bullish’ territory at the time of writing amid ‘high’ message volumes. INTC shares have gained more than 152% this year alone.

Micron Gains From Semiconductor Rally

MU stock notched another record on Friday, climbing higher on optimism over unprecedented demand for AI-specific memory hardware and a rally in the broader semiconductor industry. The company’s shares climbed to an intraday high of $545.91 before closing down around $542.21.

The EU’s proposed act to invest in large, cross-border semiconductor projects also boosted sentiment. The memory chipmaker’s second-quarter 2025 revenue nearly tripled to $23.86 billion after soaring past analysts’ expectations. Meanwhile, on Stocktwits, retail sentiment around MU stock was in the ‘bullish’ territory amid ‘high’ message volumes at the time of writing. MU stock was up nearly 4% in the overnight session and has gained more than 574% in the last year.

SanDisk Soars On Analyst Price Target Hikes

SNDK shares extended gains to a third session on Friday, soaring to a fresh 52-week high of $1,189.24 after it received a slew of price target hikes following its third-quarter (Q3) results.

Goldman Sachs analyst James Schneider raised the firm's price target on SanDisk by about 71%, to $1,200 from $700, and kept a ‘Buy’ rating on the shares. The analyst said that despite an initial 6% decline, SanDisk is expected to eventually trade higher after a significantly better-than-Street quarter and outlook, supported by already elevated expectations tied to strong pricing, tight supply-demand conditions, and rising datacenter SSD demand, according to TheFly.

Bernstein also raised the price target on SanDisk to $1,700 from $1,250 and kept an ‘Outperform’ rating on the shares after the results. SanDisk’s Q3 revenue surged 250% to $5.95 billion, zooming past analyst estimates. The memory chipmaker said that it expects adjusted fourth-quarter earnings between $30.00 and $33.00 per share on revenue between $7.75 billion and $8.25 billion for the upcoming quarter.

On Stocktwits, retail sentiment around SNDK stock was in the ‘extremely bullish’ territory amid ‘extremely high’ message volumes at the time of writing. SNDK stock has surged a whopping 3,329% in the past year.

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