Why Micron Rallied Today
Micron Technology(MU) The Motley Fool·2024-10-17 04:01
The company recovered from the semiconductor swoon yesterday and unveiled a new type of DDR-5 memory.Micron Technology (MU 4.75%) was caught up in yesterday's semiconductor swoon after ASML Holdings (ASML -6.51%) gave soft guidance for 2025. However, today it appears Micron is bouncing back from those fears, which were likely overblown in Micron's case. Shares of the memory chip leader surged 5% today as of 2:38 p.m. ET.In addition, the company unveiled new DDR-5 products for artificial intelligence (AI) PC ...