Shares of Micron Technology jumped Thursday, trading at $1,021.04, up $72.24, or 7.61 percent, reclaiming the $1,000 level after the memory chipmaker announced a major expansion of its U.S. manufacturing investment plans and drew a fresh round of bullish price target increases from Wall Street analysts.

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The rally follows a difficult stretch for Micron shares, which had pulled back more than 10 to 23 percent from their all-time high of $1,254.80, reached June 25, amid a broader selloff in memory chip stocks earlier this week tied to a disappointing market reaction to Samsung Electronics' record quarterly earnings. Thursday's rebound helped Micron recover a significant portion of those losses in a single session.

According to CNBC, Micron announced a new round of strategic investments Thursday aimed at strengthening the U.S. semiconductor supply chain, including up to $3 billion in near-term commitments, part of a broader plan to accelerate the company's domestic spending through 2035 to a total exceeding $250 billion. The near-term investment includes $500 million earmarked for Taiwanese-headquartered GlobalWafers to expand its wafer development and manufacturing operations in Texas, paired with a 10-year supply agreement for raw silicon wafer capacity. The announcement helped lift other names across the chip-equipment space as well, with Applied Materials, KLA Corp, ARM Holdings and Lam Research each posting strong gains during Thursday's session.

The expansion news landed alongside a wave of increasingly bullish analyst commentary on Micron's........

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