Micron Stock Nears $1,000 Again as AI Memory Rally Faces June 24 Test
Micron Technology shares are back within reach of the $1,000 mark after a sharp rebound in chip stocks, with MU closing Thursday at $995.87, up 11.66%, and indicated slightly lower in early Friday premarket trading. The move matters because Micron has become one of the clearest stock-market proxies for the AI memory boom, with its market value around $1.14 trillion and investors now debating whether the rally still has room to run. The latest jump followed a fast reset in semiconductor shares. Barron’s reported that Micron rose about 12% Thursday after a 17% drop over the previous five sessions, while MarketWatch said the broader memory-chip pullback was being treated by some analysts as a “healthy” correction rather than a change in fundamentals. DRAM, or dynamic random-access memory, is the temporary memory used by servers and devices; high-bandwidth memory, or HBM, is a faster stacked version used heavily in AI accelerators.