MU - Why Micron Technology Rocketed 54.1% in the First Half of 2024
2024-07-14 09:06:00 ET
Shares of Micron Technology (NASDAQ: MU) rallied 54.1% in the first half of 2024, according to data from S&P Global Market Intelligence .
The memory chipmaker, which is the only U.S.-based producer of DRAM memory chips and one of two U.S.-based producers of NAND flash memory, rallied on optimism for AI-fueled growth.
Most importantly, Micron began ramping up production of its third-generation high-bandwidth memory (HBM3E) during the first half, as memory prices began rising across the board.
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Why Micron Technology Rocketed 54.1% in the First Half of 2024