Micron Sparks Tech Rally on Blowout Earnings and AI Demand
TL;DR Summary
Micron Technology led a tech-stock rally after a strong fiscal third-quarter report and bullish analyst reactions, with the company signaling stronger AI-related DRAM demand and signing 16 strategic customer agreements. MU jumped about 10%, lifting memory peers like Sandisk, Western Digital and Seagate, while SK Hynix surged in Korea on plans for a U.S. listing and Nvidia edged lower in a broadly mixed market where some tech names dragged while others rose.
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