Micron Shares Gain Momentum Ahead of Major US Facility Groundbreaking

Micron Technology’s stock is entering the new trading week with significant positive momentum. This follows a Friday rally that saw shares close at $345.09, a gain of $18.07 per share or 5.53%. Investor focus is now shifting to a key event this Thursday: the ceremonial groundbreaking for the company’s planned $100 billion megafab complex in New York state. This strategic milestone, coupled with a series of recent analyst upgrades, is providing substantial tailwinds for the semiconductor manufacturer’s equity.

The core driver behind Micron’s recent strength is the booming demand for high-performance memory, fueled by the artificial intelligence (AI) supercycle. The company has secured a pivotal role in this ecosystem as a Read more...