Micron Technology is trading at $836.00 (+12.16%) as buyers return to the stock following a sharp rebound in the memory chip sector and growing optimism over AI-driven demand.
- The DRAM sector is up 11.64% and the broader Nasdaq has rallied 2.39% as semiconductor stocks recover from recent weakness.
- Fresh analyst coverage and price-target increases are fueling the move, highlighting strengthening demand for memory chips used in AI applications.
- Aggressive dip-buying is amplifying the reversal after several consecutive down sessions for the chipmaker.