Why Micron Stock Popped Today
Micron (NASDAQ: MU) stock jumped 6.3% through 9:50 a.m. ET Monday after announcing it completed purchase of a Taiwanese production site from Powerchip Semiconductor Manufacturing Corporation (PSMC).
The 300,000-square-foot cleanroom facility will be upgraded and expanded to focus on DRAM production, including high-bandwidth memory (HBM) chips used in artificial intelligence.
Image source: Micron.
Source Fool.com
Micron Technology Inc. Stock
€348.00
-4.510%
The stock is one of the favorites of our community with 143 Buy predictions and 1 Sell predictions.
As a result the target price of 414 € shows a slightly positive potential of 18.97% compared to the current price of 348.0 € for Micron Technology Inc..
