Micron stock jumps 10% as Nvidia CES comments push MU to fresh highs
Micron Technology shares rose 10.1% to $343.72 Tuesday as memory and chip stocks rallied after Nvidia CEO Jensen Huang’s CES remarks. The PHLX semiconductor index hit a record high, while DDR5 DRAM prices jumped 314% year-on-year in Q4, according to TrendForce. Traders are watching U.S. payrolls data due Jan. 9 and memory price signals for direction.