Micron Technology shares held steady to close at $417.35 following confirmation that its next-generation HBM4 memory has entered high-volume production. The company continues to see strong momentum driven by AI sector dominance and significant institutional backing.
- CFO Mark Murphy confirmed that HBM4 memory is now shipping to customers, marking a major operational milestone for the company's AI roadmap.
- Billionaire David Tepper’s Appaloosa Management bolstered investor confidence by increasing its stake in the company to 1.5 million shares.
- Analysts maintain a "Strong Buy" consensus for the stock, which recently saw a 5.30% surge despite a minor 0.86% daily fluctuation.