Shares rise 9% in premarket trading as the chipmaker extends gains following its valuation crossing $1 trillion.
Micron Technology Inc (MU) saw its market capitalization climb to $1.1 trillion in premarket trading Wednesday, a day after reaching the $1 trillion milestone. The chipmaker’s stock surged 9%, building on momentum from its historic valuation threshold.
Micron closed Monday’s session near $800 before crossing the $1 trillion mark Tuesday. The surge reflects strong investor confidence in the semiconductor sector amid rising demand for memory and storage solutions.
Premarket activity suggests continued bullish sentiment, with traders reacting to the company’s rapid valuation growth.