Why Micron Stock Is Jumping Today
(NASDAQ: MU) stock is moving higher in Friday's trading. The memory chip and storage solutions company's share price was up 4.1% as of 3:45 p.m. ET. The stock had climbed as high as 5.3% earlier in the day's trading.
Micron is seeing bullish momentum today following news that Meta Platforms is gearing up for a big investment in humanoid robots. Meta's big robotics play could wind up being a significant performance driver for the memory specialist.
Bloomberg published a report today stating that Meta plans to make a big play in the humanoid-robot space. Nvidia uses Micron's memory chips as components in its high-performance graphics processing units (GPUs) for data centers and artificial intelligence (AI) applications.
Source Fool.com
Micron Technology Inc. Stock
€327.40
-3.170%
With 133 Buy predictions and not a single Sell prediction Micron Technology Inc. is an absolute favorite of our community.
With a target price of 342 € there is a slightly positive potential of 4.46% for Micron Technology Inc. compared to the current price of 327.4 €.
