AI-Driven Memory Rally Pushes Micron to Fresh All-Time High

1 min read
Source: Benzinga
AI-Driven Memory Rally Pushes Micron to Fresh All-Time High
Photo: Benzinga
TL;DR

Micron Technology shares surged to a record near $683.09, lifting its market cap toward $730 billion as Jim Cramer and Gartner flag a secular AI-storage demand trend. The rally is supported by Gartner's memflation pricing outlook for DRAM and NAND, a May 5 launch of Micron’s 245TB 6600 ION SSD, and ongoing supply tightness in memory components.

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