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. Stock
€291.80
3.570%
With 143 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 350 € there is a slightly positive potential of 19.95% for Micron Technology Inc. compared to the current price of 291.8 €.
