"AI-Driven Earnings Propel Micron Stock to Record High, Boosting Chip Industry"

Micron Technology's stock surged to a record high after the company reported strong fiscal second-quarter results, driven by robust spending on data-center infrastructure for artificial intelligence. The company's performance led to a rally in semiconductor shares, with other major chip stocks also rising. Micron's CEO highlighted the company's position as a major beneficiary of the AI-driven growth opportunity in the semiconductor industry. At least 20 Wall Street firms raised their price targets on Micron stock following the earnings news, with analysts expressing bullish outlooks on the company's future prospects.