Micron Technology Inc is trading 3.2% up at $920.72 after announcing it selected Bechtel to advance plans for a major New York memory-chip fabrication facility, a key long-term capacity and AI-related growth investment.
- The partnership with Bechtel is a critical step in developing the New York mega-fab, which is designed to bolster domestic production of memory chips essential for AI infrastructure.
- Shares are also recovering alongside the broader semiconductor and technology sectors as major U.S. indices move higher following a previous session selloff.
- Improving market risk appetite is contributing to the rebound as investors rotate back into high-growth tech names.