Micron Stock Rises After Bernstein Report Sparks Short-Term Volatility
Micron Technology (NASDAQ:MU) experienced a sharp rebound, rising over 9% following concerns raised by Wall Street banker Bernstein about spot demand for computer memory. Despite short-term worries around slowing price growth due to high prices deterring OEMs and module houses from purchasing as much, the report also highlighted strong DRAM pricing trends in April.
Topics: Bernstein report computer memory demand DRAM prices Micron