MU is trading 5.3% up in pre-market near $1022.46 on optimism surrounding AI server and high-bandwidth memory (HBM) demand.
- Analysts highlight Micron as a prime beneficiary of surging AI infrastructure spending and hardware requirements.
- The move extends last week's sharp rally as investors price in stronger long-term growth tied to the AI cycle.
- The stock's performance is supported by a mildly positive broader equity market backdrop.