Micron Shares Surge on Fed Rate Cut, AI Demand

Microns stock surged by over four percent following the Federal Reserves interest rate cut, reflecting investor confidence and a positive outlook for the company. The Feds dovish action, combined with Chair Jerome Powells signals, sent major market indexes soaring. Microns focus on High-Bandwidth Memory chips, crucial for AI data centers, has driven demand and boosted company valuations. With inventory sold out through 2026, analysts predict higher prices for Microns products, contributing to the stocks over two hundred percent year-to-date increase.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.