Why Micron Rallied Today
Micron Technology (NASDAQ: MU) was caught up in yesterday's semiconductor swoon after ASML Holdings (NASDAQ: ASML) gave soft guidance for 2025. However, today it appears Micron is bouncing back from those fears, which were likely overblown in Micron's case. Shares of the memory chip leader surged 5% today as of 2:38 p.m. ET.
In addition, the company unveiled new DDR-5 products for artificial intelligence (AI) PCs that may have sparked renewed enthusiasm.
Yesterday, ASML guided for a softer-than-expected 2025, noting that while AI revenues remain strong, demand for non-AI chips is recovering slower than expected.
Source Fool.com
Micron Technology Inc. Aktie
714,50 €
-5,86 %
Die Micron Technology Inc. Aktie genießt hohe Beliebtheit: Mehr Buy- (158) als Sell-Einschätzungen (1).
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