U.S. stock market at opening: Nasdaq up 0.9%, Philadelphia Semiconductor Index up over 5%, Micron Technology up around 17%

Storage sector surged, Micron Technology rose about 17%, with the company’s strong performance far exceeding expectations and multiple major banks raising their target price; SanDisk rose about 17%. Optical communication sector generally rose, Corning increased about 5%. IBM rose about 1%, as the company launched the world’s first sub-1 nanometer chip technology.