Micron Stock Surges Amid Global Memory Chip Shortage
Micron Technology's stock surged nearly 40% in a week due to a worsening global memory chip shortage, driven by strong demand for DRAM and NAND flash memory. The company is benefiting from the AI megatrend, with analysts projecting AI capital expenditure to exceed $1 trillion in 2027.
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Topics: AI memory_chips semiconductors stock_performance supply_chain