Micron stock rises 40% in five sessions
Micron Technology stock has risen almost 40% over the last five trading sessions, driven by the AI megatrend and a deepening shortage of memory chips.
The company is valued at a market cap of $729 billion, making it one of the largest semiconductor companies in the world.
Micron stock has returned 137% year-to-date, with a $1,000 investment in 2008 now worth over $262,000.
The memory chip crunch is a tailwind for Micron, with the company controlling a significant portion of the global DRAM supply.