Micron Beats Market as Samsung Deal Lifts Shares
Micron shares climbed $14.82 to $746.81 on Thursday, outperforming the SMH semiconductor ETF and QQQ, which both fell. The rally followed Samsung’s suspension of a planned 18-day strike by 48,000 union members after a tentative pay deal. Micron’s operations chief said demand continues to outpace supply. Samsung union members will vote on the agreement between May 22 and May 27.