MU is trading at $353.24 (+4.93%) in pre-market, driven by the groundbreaking of its $100B New York megafab and significant insider buying signaling confidence.
- Board member Mark Liu purchased ~23,200 shares worth $7.8M on January 14-15.
- The New York megafab is set to be the largest U.S. semiconductor facility, backed by quotes from Commerce Secretary Lutnick and AMD's Lisa Su.
- This move builds on broader sector optimism following TSMC's strong earnings report boosting semis.