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. Stock
€700.10
-2.020%
With 158 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 1294 € there is a hugely positive potential of 84.83% for Micron Technology Inc. compared to the current price of 700.1 €.
