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This surge is primarily fueled by the boom in Artificial Intelligence (AI) infrastructure and its wider impact on the memory market.
Unsurprisingly, Micron stock is soaring after the company reported stellar financial results. Prospective investors, however, will want to avoid following the herd and conduct thorough due diligence to determine if the stock is a suitable match for their investment goals.
Micron Technology surged after a strong earnings beat and bullish guidance. Find out why MU stock is a buy for 2026.
Honestly, it does seem pretty hopeless for the data center stocks. Consider, four out of the five top-performing in the S&P 500 this year are tech… Sandisk, Western Digital, Seagate, Micron.
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
Micron is one of the world's largest suppliers of memory chips, with a business focused on DRAM and additional exposure to NAND flash products. The company sells into end markets that include cloud computing, smartphones, consumer electronics, and automotive systems.
The Roomba maker declared bankruptcy over the weekend. It said customer service and app functionality would continue nor
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Why Micron Stock Jumped Today
Micron's profits, in turn, are skyrocketing. Adjusted net income leaped 169% to $5.5 billion, or $4.78 per share. That crushed Wall Street's estimates, which had called for adjusted per-share earnings of $3.96.