Micron Stock Soars to Unprecedented Highs on AI-Driven Demand

Shares of Micron Technology surged to a record high on Friday, posting a substantial gain of over 5% and significantly outperforming a divided broader semiconductor sector. This remarkable ascent is fueled by the relentless artificial intelligence boom, which shows no signs of abating and continues to propel key beneficiaries to new heights. The question for investors now centers on the durability of this impressive rally and the core drivers behind it.

A surprisingly robust quarterly earnings report from fellow chipmaker Broadcom served as the immediate catalyst for Friday’s powerful move. The company’s AI-fueled results handily surpassed market expectations, generating a wave of positive sentiment across the industry. Micron was a primary beneficiary of this optimism, though it is noteworthy that the rally was selective, with not all Read more...