MU is trading at $498.95 (+3.6%) in pre-market action, rebounding from a 1.18% decline as the broader semiconductor sector gains significant momentum.
- Sector strength is driven by Intel surging 15% on a Q1 earnings beat and TSMC rising 5% following eased investment rules in Taiwan.
- The Roundhill Memory ETF (DRAM) has attracted $1.11 billion in assets since its April 2 launch, signaling massive institutional demand for AI-driven data storage infrastructure.
- Nasdaq futures are up 1.27%, supporting a tech-led recovery despite ongoing geopolitical tensions in the Strait of Hormuz.