MU is trading at +3.1% now at $449.33, bucking the broader market decline due to ongoing strength from AI demand and recent strong Q1 results.
- The move occurs in pre-market despite NASDAQ futures being down 1.27% and general risk-off sentiment driven by Fed Chair speculation.
- The stock has experienced a significant 114% rally since its November lows, supported by a new NAND facility announcement earlier this week.
- Unusual put options activity has been noted amid the continued upward momentum.