Micron Clears $1,000 Boundary as AI Memory Boom Lifts MU
TL;DR Summary
Micron Technology (MU) jumped in premarket trading to clear the $1,000 level, its first time above since July 6, up about 3.4% and 240% year-to-date, as hyperscalers boost demand for high-bandwidth memory (HBM3E/HBM4) used in AI accelerators. Analysts cite improving demand signals and ongoing supply tightness through 2027, helping fuel the renewed rally.
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