Why Micron Stock Was Moving Higher Today
Shares of Micron (NASDAQ: MU), the U.S.-based memory chipmaker, were moving higher today in sympathy with SK Hynix, the world's largest memory chip company, which hit an all-time high today after it announced the world's first HBM4 product.
Though SK Hynix is a competitor to Micron, the news was seen as a positive for the broader memory-chip industry, as it should spark more demand for HBM. It also comes during a week when artificial intelligence (AI) stocks have been flying higher after gave blowout guidance for cloud infrastructure growth earlier this year.
Micron stock closed up 4.6% on the news.
Source Fool.com
Micron Technology Inc. Aktie
388,00 €
4,36 %
Die Micron Technology Inc. Aktie ist im Trend: Deutlich mehr Buy- als Sell-Einschätzungen.
Ein negatives Potenzial von -0.52% für Micron Technology Inc., selbst mit einem niedrigeren Kursziel von 386 € als 388.0 €.
