Why Micron Technology Rallied Today
Micron Technology(US:MU) The Motley Fool·2024-12-03 17:52Political instability in South Korea could be a plus for U.S.-based Micron.Shares of Micron Technology (MU 2.38%) were rallying today, especially in comparison to the overall semiconductor sector. Micron shares rose as much as 5.2% before settling into a 2.8% gain as of 11:53 a.m. ET. That compared favorably to a 0.4% decline for the iShares Semiconductor ETF at that time.Micron's outperformance can likely be attributed to the surprise political news out of South Korea this morning.South Korean president de ...