US-based semiconductor maker Micron Technology Inc. saw its stock rise 41% over the past month, beating analyst expectations. The company’s second-quarter earnings report showed a stronger-than-expected outlook, driven by growing demand for memory chips in the AI industry. With shares rising another 0.4% after hours, investors are optimistic about the future of the memory-chip market and its pricing power.
Source: https://www.marketwatch.com/story/microns-stock-gains-as-the-memory-chip-maker-clears-a-high-bar-d4c13a92