Micron's Stock Surges on AI Demand, $100B Market

Micron Technologys stock surged by fifteen percent following strong demand for its memory chips, particularly in AI and data centers. The company exceeded financial predictions and is currently more than sold out, indicating a sustained period of high demand. Micron anticipates the high-bandwidth memory market to reach one hundred billion dollars by 2028, leading to increased spending on new equipment and facilities. Positive reactions from financial institutions include raised price targets and upgraded ratings.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.