Micron Technology Stock Soars on Strong AI Demand

Micron Technology Inc (NASDAQ:MU) stock is soaring today, after the AI heavyweight's fiscal first-quarter results blew past estimates. The company also issued strong guidance amid high memory chip demand, with business chief Sumit Sadana stating "we are more than sold out." MU was last seen up 11.4% at $251.27, earlier trading as high as $263.65 -- just below its recent Dec. 10 record high of $264.75. Should these gains hold, MU is headed for its largest daily percentage gain since an 18.8% pop in April. Ye ...