🟢 Micron Technology is trading 5.6% up today on bullish memory outlook and supply shortage warnings

Micron Technology is trading 5.6% up at $978.60 as memory-chip stocks rally on a bullish industry outlook and rising DRAM profitability.

• A positive SemiAnalysis report and comments from SK Hynix’s CEO regarding multi-year shortages and demand outpacing supply are lifting the broader DRAM group.
• The company continues to benefit from a strong AI-driven earnings backdrop and aggressive capital expenditure plans highlighted in recent reports.