Shares of Micron Technology jumped 8% premarket after the US and Iran ended a 100-day conflict, boosting AI and memory chip stocks.
Micron Technology (MU) surged 8% in premarket trading Monday following a peace deal between the US and Iran, ending a 100-day war. The agreement sparked a broader rally in AI and memory chip stocks, particularly those tied to High Bandwidth Memory (HBM) chips.
South Korean memory chip manufacturers also saw gains, reflecting optimism about reduced geopolitical risks and stable supply chains. The conflict had previously raised concerns over semiconductor material exports and global tech production.
The move highlights investor confidence in the sector’s recovery amid easing tensions, though broader market reactions remain measured.