A-share evening hotspots | UBS significantly raises target price to $1625, Micron Technology stock price soars

1. Still room for doubling! UBS greatly raised the target price of Micron Technology to the highest on Wall Street As of 21:31 on May 26, Micron Technology soared more than 10%. Earlier, UBS raised the target price of this memory chip manufacturer from $535 to $1625, the highest level on Wall Street. This target price implies that Micron's stock price will more than double from the pre-market price of about $800, with a corresponding market value of $1.8 trillion, indicating that Micron will consolidate its position among the world's largest companies in the near future, and become one of the most important companies in AI trading. 2. Xiaomi's performance drops significantly, plans to implement a HK$20 billion buyback plan On May 26, Xiaomi Group released its first quarter performance. The data shows that in the first quarter, Xiaomi Group achieved total revenue of 99.1 billion yuan, a year-on-year decrease of 10.9% and a quarter-on-quarter decrease of 15.2%; adjusted net profit was 6.1 billion yuan, a year-on-year decrease of 43.1% and a quarter-on-quarter decrease of 4.4%. By business segment, revenue from innovative businesses such as intelligent electric vehicles and AI was 19.9 billion yuan, a year-on-year increase of 6.9% and a quarter-on-quarter decrease of more than 46%, with 80,856 new vehicles delivered in the quarter. 3. Ceasefire agreement torn up! Fierce battle erupts in the Strait of Hormuz, US and Iran exchange fire According to Xinhua News Agency citing Iranian media reports, some foreign media reported that Iran and the United States reached a 14-point memorandum of understanding, which was "pure fabrication, totally unfounded." US Secretary of State Pompeo stated that negotiations between the US and Iran on the agreement are ongoing, and finalizing the text of the agreement "will take several more days." At the same time, military tensions between the US and Iran have suddenly escalated. The Iranian Islamic Revolutionary Guard Corps announced on the 26th that they had shot down a US MQ-9 Reaper drone in Iranian airspace in the Persian Gulf. Previously, senior US military officials stated that on the 25th, two Iranian boats were found attempting to lay mines in the Strait of Hormuz, prompting US forces to strike and successfully destroy them. 4. Ministry of Industry and Information Technology: Accelerate standard research and iteration in key areas such as autonomous driving The Ministry of Industry and Information Technology has released the key points of the 2026 automotive standardization work. It mentions promoting innovation and development in emerging areas. Focus on intelligent connected vehicles, automotive electronics, automotive chips, etc., carry out standard-leading actions, encourage the transformation of innovative results. Key areas such as autonomous driving, networked functionality and applications, information security and data security, resource management and information services, automotive software, automotive data, "vehicle-road-cloud integration," etc., will accelerate standard research and iteration. Efficiently carry out the revision of standards for key system components such as automotive electronics and automotive chips. 5. In May 2026, a total of 154 domestic online games were approved, including 37 Interactive Entertainment Network Technology Group On May 26, the National Press and Publication Administration released information on the approval of domestic online games in May 2026, with a total of 154 games approved; on the same day, information on the approval of imported online games in 2026 was also released, with 4 imported online games approved in May. Specifically, among the game licenses issued in May, Tencent, NetEase, 37 Interactive Entertainment Network Technology Group, Kingnet Network, and Chaoyexiannian and other game companies all made gains. 6. Affordable housing "sweeps" in Beijing and Shanghai, second-hand houses under 3 million yuan are selling like hotcakes This year's "small spring" property market trend has lasted longer than in previous years. In the past, the property market's "small spring" was mostly concentrated in March to April, but since May this year, the resale of second-hand houses in core cities remains active. Leading this round of market trends are Beijing and Shanghai, where there are signs of increased transaction volume of second-hand houses, decreased listings, and stable prices. Behind the tens of thousands of transactions, who is entering the second-hand housing market in large numbers? Clues can be seen from a set of data. Taking Beijing as an example, as of April, the proportion of second-hand houses under 3 million yuan in local transactions has reached 78%. 7. National Energy Administration holds National "AI +" Energy Onsite Promotion Meeting The National Energy Administration held the national "AI +" energy onsite promotion meeting in Shenzhen. The meeting emphasized that artificial intelligence is an important engine for building an energy strong country and developing new energy production forces. It is necessary to thoroughly implement the major decisions and deployment of the Party Central Committee and the State Council, seize the strategic opportunities for global artificial intelligence development, continue to deepen energy application scenarios, focus on breakthroughs in key core technologies, promote efficient collaboration between computing power and electricity, actively create a good atmosphere of ecological co-construction, resource sharing, value creation, and future win-win, and promote the formation of a new pattern of mutual empowerment and integrated development of artificial intelligence and energy. 8. Important signal! Financing balance surpasses 2.9 trillion yuan for the first time As of May 25, 2026, the financing balance of A-shares reached 2.9035 trillion yuan, surpassing 2.9 trillion yuan for the first time in history, with an increase of approximately 253.19 billion yuan in a single day. Since 2026, the financing balance of A-share market has accumulated an increase of 379.384 billion yuan. Looking at the three trading days from May 21 to 25, the electronics industry led with a net purchase of 26.11 billion yuan, followed by the machinery and automobile sectors with 2.725 billion yuan and 4.54 billion yuan, respectively. Market analysis shows that computing power and other sectors are worth paying attention to.