Micron Stock Momentum Surges As Q2 Earnings Smash Estimates, CEO Sanjay Mehrotra Calls Memory 'Strategic Asset'

Micron Technology, Inc. (NASDAQ:MU) shares experienced a sharp surge as the stock’s momentum score jumped from 24.18 to 50.9 on a week-over-week basis.AI Memory Shortages Drive Revenue SurgeMicron reported second-quarter revenue of $23.86 billion, surpassing analyst estimates of $19.94 billion, and adjusted earnings of $12.20 per share, versus the projected $9.21. CEO Sanjay Mehrotra said, "We are only able to supply, for our key customers in the midterm, about 50% to two-thirds of their requirements."Mehro ...