MU - How Micron Technology Stock Gained 30% Last Month
2024-04-04 13:11:00 ET
Shares of Micron Technology (NASDAQ: MU) rose 30.1% in March 2024, according to data from S&P Global Market Intelligence . Chiefly, the maker of computer memory chips reported stellar second-quarter results, inspiring a 14% jump in a single day.
Micron's report was a game-changer -- but it wasn't exactly a surprise.
Several analysts posted bullish reports and raised their second-quarter expectations before Micron posted its numbers. Micron's exposure to memory demand in the artificial intelligence (AI) market pointed to strong chip demand.
For further details see:
How Micron Technology Stock Gained 30% Last Month