Why Micron Stock Is Soaring Today
MUMicron Technology(MU) The Motley Fool·2024-09-26 23:52

Continued growth of demand for artificial intelligence hardware is proving a boon for this memory chip company.Shares of computer technology outfit Micron Technology (MU 13.62%) are up more than 15% midday Thursday following Wednesday evening's release of its fiscal fourth-quarter results. The stock's biggest single-day gain in over a decade, however, mostly stems from its bullish guidance for the quarter currently underway.Micron firing on all cylindersMicron Technology turned $7.75 billion worth of revenu ...