Micron (MU) Stock Jumps Over 8% Today as Wall Street Hikes Targets and AI Memory Demand Surges
Micron Technology shares jumped 8% to about $224 in mid-day trading Monday after Morgan Stanley raised its price target to $338, citing strong AI memory demand. Volume reached around 13 million shares, below the recent average. The stock has surged 167% year-to-date, rebounding from last week’s sharp selloff. Micron hit a record high near $260 earlier this month.