Why Micron Technology Stock Is Rising Today
Shares of Micron Technology (NASDAQ: MU), a memory semiconductor manufacturer, rocketed higher today after Applied Materials said it was partnering with Micron to speed up the development of advanced memory for artificial intelligence applications.
Micron's memory chips are a key component of AI data centers, but there have been some concerns that the company may not be able to produce enough processors to keep up with demand. This latest news is helping to ease those fears, and causing Micron's stock to rise 5.1% as of 2:17 p.m. E.T.
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Source Fool.com
Micron Technology Inc. Stock
€714.50
-5.860%
With 159 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 81.11% for Micron Technology Inc. compared to the current price of 714.5 €.
