MU is trading at $426.50 (+3.96%) in pre-market, surging after Micron announced a $24 billion advanced memory chip fab in Singapore, betting heavily on AI and data center demand.
- The current move extends yesterday's 5.44% gain, which closed the stock at $410.24.
- Shares are up over 360% in the last 12 months, driven by strong AI tailwinds and booming memory needs.
- The broader market strength (Nasdaq +0.85%) is supporting the upward momentum.