MU is trading at $513.94 (+3.5%) from the April 24 close of $496.72, extending gains as the semiconductor sector continues its rally following Intel's earnings beat.
- The move follows a 4% surge in the previous session, driven by Intel's 25% jump which pushed the Philadelphia Semiconductor Index to a record high.
- Ongoing AI momentum and gains from TSMC continue to lift the broader sector, with the Nasdaq up 0.19% today.
- No company-specific news was reported for MU; the stock is currently moving in tandem with industry peers.